Corporate Disclosure And Social Media
The New York Stock Exchange only recently recognized websites as an authorized vehicle for disseminating material company information and then along comes this thing called Twitter. With 81 of the Fortune 500 sponsoring public blogs, some with links to corporate Twitter accounts, what’s a corporate attorney to do?
The underlying concern is that 140-character tweets can’t convey appropriate admonitions required by SEC safe harbor rules. It’s a thorny issue and it was covered in detail last week by Stephen Older of McDermott Will & Emery on Law.com — Corporate Disclosure: The Twitter Effect.