Articles Posted in social media disclosure

Cambridge-Analytica-300x200New investigations in the UK are looking at the ex-chiefs of Cambridge Analytica. These new investigations come in the midst of a probe into misuse of personal data. While Cambridge Analytica has been shuttered, the former executives have created new entities and UK officials want a closer look.

Facebook Data

Cambridge Analytica is at the heart of the Facebook data mining investigation. There was outrage from every corner of the globe on the misuse of personal data collected by the company. Cambridge Analytica has shut down, but several of the company’s directors have joined a new company called Emerdata.

 

The United States Securities and Exchange Commission (SEC) warned against selectively using social media to disclose information. This was  in response to a post by Reed Hastings, CEO of Los Gatos, Calif.-based Netflix Inc., on his personal Facebook page making the first announcement that Netflix’s monthly online viewing had exceeded 1 billion hours. The SEC took no action saying it recognized there had been uncertainty about the use of social media to disclose corporate information and said it is allowed so long as investors have been alerted about which social media will be used to disseminate such information. Continue reading