The Securities and Exchange Commission has announced that public companies are allowed to disseminate key information through social media channels. The approval comes with a caveat, however: companies must inform investors about which social media platforms they will use to distribute such information, and those channels must be open to everyone. "Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don't know that's where they need to turn to get the latest news," said George Canellos, acting director of the SEC's Division of Enforcement, in a statement. The SEC's clarification (it announced a similar position in 2008) means that publicly-traded real estate companies like Zillow, Trulia, Move Inc., Market Leader and ZipRealty may disclose performance information that could impact their stock prices on social networks. Some of these companies are highly active on social media and may find this...
by Gill South | Aug 16
by Teke Wiggin | Aug 16
by Caroline Feeney | Aug 15
by Teke Wiggin | Aug 15
by Brandon Doyle | Today 9:27 A.M.