It appears the SEC is behind the eight ball in integrating social media with normal business practices. The Security Exchange Commission recently was up in arms with Netflix over their Facebook post which caused the companies stock to rise about 6%. The SEC argues that this was the sharing of material information to a limited audience, failing to recognize that in essence this post was a press release open to public viewing and a standard procedure for businesses in the social media age.
Is the SEC Playing Catch Up?
