
Attention, Reed Hastings: The S.E.C. Says Social Media Announcements Are Okay, If You Meet These Conditions
Oh the times, oh the customs! These days, with every Tom Dick and Harry CEO maintaining a Twitter account and public Facebook page, it’s easier than ever to violate the S.E.C.’s rules about where you can disclose key information so all your shareholders see it. That’s already gotten Netflix CEO Reed Hastings into a little trouble (not that his example stopped rogue Tesla CEO and would-be Martian Elon Musk).
Well today the S.E.C. announced that it’s a-okay to announce “key information” (like sales figures) via social media, “so long as investors have been alerted about which social media will be used to disseminate such information.” Read More





