Deena Zaidi
Bio
Finance and Tech Writer | Website: Digital Disruption | Blogs at Data Science Central & Medium | Twitter: @deenazaidi
Stories (2/0)
- Top Story - October 2017
Social Media Moods and Market MovementsTop Story - October 2017
In 2013, the Securities and Exchange Commission (SEC) confirmed that companies could announce "key information in compliance with Regulation Fair Disclosure (Regulation FD)" on social media platforms, provided they alert investors as to which social media platform they will use to broadcast such information. The SEC announcement came after an investigation by the Division of Enforcement for a post by Netflix CEO Reed Hastings. On his personal Facebook page, Hastings had mentioned that, monthly, Netflix had more than one billion hours of streaming video. Since the information was neither mentioned in the press release nor in Form 8-K filing, the stocks reacted sharply to the Facebook post.
By Deena Zaidi7 years ago in 01
