Public companies can release news on social media, SEC says

04/2/2013 | Wall Street Journal, The

The Securities and Exchange Commission has given its approval for publicly held companies to disclose news on Facebook and Twitter, as long as investors are told they can expect to see news on those social networks. The SEC had investigated whether Netflix CEO Reed Hastings violated the commission's fair-disclosure rules in touting a company milestone on Facebook. The SEC said it won't bring charges against Hastings.

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Wall Street Journal, The

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