US companies get nod to post earnings on Facebook, Twitter

US companies will now be able to post their earnings on Twitter or update their status on Facebook as long as investors have been told in advance where to look.

3rd April, 2013
Social media sites have been cleared as suitable for company announcements.

US companies will now be able to post their earnings on Twitter or update their status on Facebook as long as investors have been told in advance where to look.

The US Securities and Exchange Commission issued guidance yesterday permitting companies to use social media sites including Facebook and Twitter to communicate company announcements.

The guidance came as part of a report detailing its investigation into Netflix chief executive Reed Hastings, who in July posted...

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