Social Media for the CEO: Lessons Learned from the Netflix/SEC Tussle and Reg FD
[Updated on 4/11/13 at the bottom]
Yes, you can use social media to make material public disclosures. The SEC did not punish Netflix CEO Reed Hastings. The reality is, however, the SEC gave a warning to executives: we are not going to do anything this time because our rules weren’t clear, but now you are on notice.
The Netflix CEO … Continue Reading
REGISTER NOW! The Social Media Brews and Views CLE
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Social Media is becoming pervasive in today’s society. This CLE looks at how it intersects with legal issues crossing a broad spectrum of specialty areas to give all practitioners the information they need to be aware of the special risks and issues social media presents. Our speakers will look at how it … Continue Reading
Legal Guidelines for CEOs on Social Media – Avoid the Netflix Issue
In July, Netflix CEO Reed Hastings posted on Facebook that viewing on his company’s site “exceeded 1 billion hours” of videos in June. The stock rose 6.2% on the day of the post. Last week, the SEC sent Netflix notice it may investigate. You can read the Washington Post story here.
Reg FD, or Fair Disclosure, is … Continue Reading
NLRB says what to include and not to include in your social media policy
Federal agencies are not shy about enforcing alleged violations of their policies after the fact. From these enforcement actions, lawyers are supposed interpret the results to advise their clients on how to avoid the same fate.
In the past, the NLRB even summarized some of the cases for us in its second report on social media in the workplace. … Continue Reading
Houston CFO Fired for Social Media Activity
The Houston Chronicle reported today the CFO of Francesca’s was canned because he posted information about the company on Twitter and Facebook.
We have discussed the legality of firing employees for their social media conduct in detail (part one and part two). In short, in at will state like Texas, you can fire someone for a good … Continue Reading
Who Owns Your Twitter Followers or LinkedIn Connections?
For 99% of us, it really won’t ever be an issue — our social media presence just isn’t that important. Unless your job is to tweet or drive traffic to the company website, your company probably won’t even want your twitter followers who read what you had for lunch or your take on the Republican primary. … Continue Reading
Marketing to Minors – Even When You Don’t Mean To – Part 1
Today, we start a two part series on marketing to minors online.
The law has always sought to protect minors when it comes to commercial transactions. The conventional rule is that someone under 18 cannot bind themselves to a contract. It should, therefore, be no surprise there are special laws about marketing to children on the … Continue Reading
When Social Media and Politics Collide
Dictators and Social Media
Iran announced it is restricting access to GMail. The government said it was done to foster home-grown technological advances. Added bonus for the citizens of Iran according to its government: it was done to help build trust between the government and its people.
Iran is about to celebrate the 31st anniversary of the Islamic … Continue Reading
I have 20 followers and I got sued over a Twitter Post?
An Illinois apartment leasing and management company sued its tenant because she tweeted: “Who said sleeping in a moldy apartment was bad for you? Horizon realty thinks it’s okay.”
Horizon sued Amanda Bonnen for at least $50,000 claiming the tweet was defamation per se because it damaged the reputation of its business. You can read more about … Continue Reading
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