Today, the SEC finally broke its silence of social media use by public companies under certain conditions. It seems that their inquiry into the incident with Reed Hastings was a major catalyst for the report. But was quick to add that while they did not find any wrongdoing by Hastings, they recognized that there has been market uncertainty about the application of how Reg FD applies to disclosures made through social media channels and launched an investigation:
The SEC’s report of investigation confirms that Regulation FD applies to social media and …
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