SEC Says Reed Hastings-Style Announcements On Facebook And Twitter Are Okay, If Investors Told To Look There

Following an investigation sparked by Netflix CEO Reed Hastings' announcement that Netflix subscribers had passed the 1 billion hours viewed milestone, the SEC today announced that in specific circumstances, it can be okay to announce key company information and stats on social media channels like Facebook and Twitter. The one caveat they stipulate is that investors must be primed to watch those channels by companies if information is being released there first.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/_-34OnP2MeM/

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