Tweet this: SEC 'friends' Facebook
In this Investor Beat, regulators give a thumbs-up to CEOs using Facebook and Twitter. Also: Zynga rises, Tesla falls and two other stocks to watch.
In a ruling on Tuesday, the Securities and Exchange Commission said that CEOs are now free to post, blog and tweet as long as they inform investors in advance about their company’s social media strategy.
The SEC also cleared Netflix (NFLX) CEO Reed Hastings for posting on Facebook (FB), something some thought crossed the line. In our lead story on today’s Investor Beat video, Motley Fool analysts Jason Moser and Alex Scherer discuss what the new guidelines mean for investors.
Also today in the market and covered in Investor Beat:
- Shares of Tesla (TSLA) slide after the company announces a new lease program.
- Monsanto (MON) gains ground after the agricultural giant produces better-than-expected earnings.
- Shares of Zynga (ZNGA) climb after the social game company launches real-money gambling games in the U.K.
- And how successful is Google Plus, launched with much fanfare as a rival to Facebook? and how much does it matter to Google’s (GOOG) overall business? Motley Fool analyst Joe Tenebruso takes stock.
We close today’s show with two stocks to watch. Alex has Bed, Bath, and Beyond (BBBY) on the brain. Jason has his sights set on Jos. A Bank Clothiers (JOSB)
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Shares fell 9 percent during the quarter, which offers a compelling entry price now.
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