On Tuesday the Securities and Exchange Commission (SEC) outlined new disclosure rules that clarify how companies can use their own social media sites like Facebook and Twitter. Honestly, it’s about time someone starts to pull in the reins on what people can and can’t post on the internet. The New York Times Deal Book article highlights many more details about the new rules for companies. The rules for disclosures using social media allow chief executives to post, blog or tweet just as long as they accurately inform investors about the social media strategy they have first. Although I am a firm believer in freedom of speech or in this case posting on the internet, I think some companies abuse this; posting miss leading details about products and false sale deals, makes serious illusions and inaccuracies for the client. This is the first of many steps the S.E.C needs to make in successfully monitoring the way society uses social media products to insure the public doesn’t suffer from companies miss use.
greenemj 