Where do I start my research (Part 2)?
Posted: April 8, 2013 Filed under: Comments on the News, Competitive Intelligence, Tricks of the Trade | Tags: Facebook, LinkedIn, Twitter, US SEC
April 8, 2013
Continuing on this subject, recently, the US Securities and Exchange Commission (SEC), the federal regulator of securities markets, finally entered the modern world. The SEC indicated, in a case involving Netflix, that public companies could make significant announcements on Facebook, Twitter, and other social media sites.
The SEC has caught up with the rest of the world in recognizing that social media sites, such as Facebook, Twitter, LinkedIn and others, are part of the commercial environment. More importantly, for those of us in competitive intelligence, are appropriate sites to visit to collect raw intelligence data.
Now to be fair, the SEC requires that companies seeking to do this have first to alert investors, through press releases or regulatory filings, which probably have substantially less circulation then do postings on Facebook etc., as to where they intend to disseminate information that could potentially affect the price and the company stock. In other words, they will use narrower platforms to alert people that they will use broader platforms in the future. How constricted.
This just confirms what many of us know – social media sites are a valuable place to troll for competitively sensitive information (for that is what the SEC is really talking about) on all companies, whether public or private.