Posts tagged "Social Media"

Executives with itchy Twitter fingers can rest easier after federal securities regulators blessed the use of social-media sites to broadcast market-moving corporate news.

In a ruling that portends changes to how companies communicate with investors, the Securities and Exchange Commission said Tuesday that postings on sites such as Facebook FB +1.17% and Twitter are just as good as news releases and company websites as long as the companies have told investors which outlets they intend to use.

“An increasing number of public companies are using social media to communicate with their shareholders and the investing public,” the SEC said in its report Tuesday. “We appreciate the value and prevalence of social media channels in contemporary market communications, and the commission supports companies seeking new ways to communicate.”

The fair-disclosure rule at issue requires companies to disseminate information in a way that wouldn’t be expected to give an advantage to one group of investors over another. The SEC has said that filing a form, known as an 8-K, or holding an earnings call are both ways to ensure compliance with the regulation.

In 2008, the SEC said that companies could use their corporate home pages, under certain circumstances, to disseminate sensitive information.

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In its Tuesday ruling, the agency said social-media sites would also suffice—in some circumstances. It blessed sites as long as companies make clear to investors they plan to use them. It also suggested a corporate executive’s personal Facebook page wasn’t as likely as a company’s social-media page to be a channel through which companies would be allowed to make important announcements.

Joseph Grundfest, a former member of the commission who now teaches at Stanford Law School, said the SEC is bowing to reality in blessing social media. Twitter, where users can post comments of 140 characters or less, says more than 200 million people world-wide use the service at least once a month. Facebook says it has more than one billion users.

As if to buttress the point, Goldman Sachs Group Inc. GS +0.49% tweeted “thanks” to the SEC in response to Tuesday’s guidance.

The SEC’s move comes amid a broader debate over how Washington oversees companies’ interactions with social media as regulators incorporate into their thinking the growing use of websites like Facebook and Twitter by companies and employees.


The Consumer Financial Protection Bureau and the Federal Trade Commission are stepping up scrutiny of debt collectors, which have used Facebook to contact debtors. Last month, the FTC said celebrities using social media to endorse products must say so—as they would in traditional advertising venues—if they are paid for the promotion.

Read Full Article at WSJ

Financial Times: It is five months since General Motors last spent a cent on Facebook advertising. The US carmaker’s revelation in May that the $10m it spent on ads had failed to deliver returns stunned the social network on the eve of its initial public offering. Facebook is yet to win back the carmaker’s business.

                                            

But GM – one of the world’s largest advertisers – is no social-media refusenik. Its brands, such as Chevrolet, Buick and GMC, have been actively buying ads on Facebook’s main challenger, Twitter, for two years now.

Mashable: With about five weeks left until the 2012 presidential election, both Democrats and Republicans are kicking their campaigns into high gear.

As more potential voters turn to the Internet to stay connected — and less are catching political TV spots — the need to leverage social media to hit respective audiences has never been greater. But the payoff could be huge for either party.

                                                

The force behind the campaign for Republican candidate Mitt Romney includes a digital rapid response department that works alongside the communications team at its Boston headquarters. Romney’s digital director, Zac Moffatt — who oversees all social media initiatives, as well as email and text message marketing, website and online advertising and mobile strategy — says the campaign is getting ready to ramp up efforts in the days leading up to the election, and social media will play a big part in that.

Gigaom:  As Twitter shuts off the access that services like Instagram and Tumblr used to have to its valuable “follower graph,” it is also promoting the new relationships it has with media players like NBC. Between them, those two moves speak volumes about the company’s future.

                                           

“To our dismay, Twitter has restricted our users’ ability to “Find Twitter Friends” on Tumblr. Given our history of embracing their platform, this is especially upsetting. Our syndication feature is responsible for hundreds of millions of tweets, and we eagerly enabled Twitter Cards across 70 million blogs and 30 billion posts as one of Twitter’s first partners… We are truly disappointed by Twitter’s decision.”

Social Media Banking Blogspot: BANK SOCIAL MEDIA POLICY
Bank recognizes the importance of the Internet in the day-to-day operations of the Bank.  From marketing to reputation management to recruitment of new employees, the Internet plays in major role in the Bank’s overall strategy.  And now, the Internet is generally synonymous with social media and its popular social networks such as Facebook and LinkedIn.  Use of Facebook, LinkedIn, blogging, wikis and other online social media vehicles are commonplace.
                                                  
This policy is intended to assist employees in making appropriate decisions about work-related blogging social media interaction.  This policy must be used in conjunction with other tools provided to employees, including the Acceptable Use Policy, Employee Guide to Information Security, Human Resources Guide to Social Media Risks, and related training.
The lines between work and personal life can become blurred. In general, what you do on your own time is a personal decision. However, activities in or outside of work that affect your job performance, the performance of others, or Bank business interests are a proper focus for Bank policy.

Red Orbit: Starting Tuesday, August 14, Comedy Central (comedycentral.la / comedycentral.com.br) unveils its first 100% online and social media campaign. Created by Wieden + Kennedy Sao Paulo, the concept of “Continente Comedia” (#continentecomedia) aims to show how humor is celebrated in Latin America. The campaign features a spot produced exclusively for the Internet, stand-up comedians talking about Twitter’s Trending Topics and a Facebook application.

                                                   

The campaign can be followed on Twitter via hashtags #CONTINENTECOMEDIA and #BRASILCOMEDIA. Supporting these hashtags, Comedy Central Latin America will produce a series of videos in which Latin American comedians will comment on Twitter’s weekly Trending Topics.

Video monologues from local comedians in Mexico, Chile, Brazil and Argentina will be uploaded weekly for eight weeks on comedycentral.com.br and comedycentral.la. Comedians include Gonzalo Curiel for Mexico (@goncuriel), Fernando Sanjiao for Argentina (@cuestiondefer) for Brazil Murilo Gun (@MuriloGun) and Fabrizio Copano for Chile (@fabriziocopano).