(http://www.blogcdn.com/www.engadget.com/media/2013/04/stocktweet.jpg) (http://www.engadget.com/2013/04/03/sec-issues-social-media-disclosure-guide/)
When Netflix CEO Reed Hastings (http://www.engadget.com/2012/04/16/reed-hastings-takes-comcast-to-task-for-skirting-net-neutrality/) took to Facebook last year to announce that the service had exceeded one billion viewing hours in a month for the first time, the financial world was in uproar. After all, there are rules and regulations concerning when sensitive data about a company's successes and failures can be made public. Since then, however, the Securities and Exchange Commission (http://www.engadget.com/tag/sec/) has done some thinking, and in trying to keep up with social savvy CEOs like Hastings and compulsive tweeter Elon Musk (http://www.engadget.com/tag/ElonMusk/), has ruled that such disclosures can be made, as long as shareholders are notified about which sites will be used. If nothing else, it'd be a great way to see your follower count (http://www.engadget.com/2013/01/06/engadget-ces-twitter/) explode.
Filed under: Internet (http://www.engadget.com/category/internet/)
Comments (http://www.engadget.com/2013/04/03/sec-issues-social-media-disclosure-guide/#comments)
Via: Reuters (http://www.reuters.com/article/2013/04/02/net-us-usa-sec-social-idUSBRE9310UJ20130402)
Source: SEC (http://www.sec.gov/news/press/2013/2013-51.htm)
Via: Engadget