Executives Rejoice: The SEC Recognizes Twitter For Public Disclosure

Three short months ago we were warning executives against disclosing company information via tweets because the U.S. Securities and Exchange Commission (SEC) didn’t ‘get’ Twitter.

And today, the SEC announced it will consider Twitter (and Facebook) as valid public disclosure sources, assuming investors have been alerted to monitor these accounts.

Bloomberg confirmed the change today:

The SEC confirmed that a regulation which prohibits companies from disclosing material information to select sets of investors applies to social media and other emerging means of communication the same way it applies to company websites.