Post by account_disabled on Jan 11, 2024 10:51:10 GMT
Follow him missed out. In response, the SEC issued new guidance on the use of social media: Companies are now required to notify investors in advance which information channels they plan to use to release important information. Get the latest from Innovation Strategy Get the latest insights on workplace strategy and execution, delivered to your inbox once a month. What is your email? Enrollment Privacy Policy Despite increasing scrutiny, dangerous online behavior remains a big problem. For example, in 2019, Tesla CEO Elon Musk tweeted that the electric car company (whose stock price has been underperforming) was in talks to go private. The market reacted quickly: By the next day, Tesla shares were rising.
The U.S. Securities and Exchange Commission later charged Musk with making false and misleading statements that caused the stock price to drop. Multiple shareholders sued Tesla and Musk for deliberately manipulating stock prices. Given the inherent risks, companies need to be more stringent about their social media activities and monitor them more closely. About the Author David Horton is an Assistant Professor of Marketing Email Lists Database at the Williams School of Business at Xavier University in of Accounting at Ohio University in Athens, Ohio. Mark Edmonds is an assistant professor of accounting and finance at the University of Alabama at Birmingham. Leslie Blix is an Assistant Professor of Accounting at Sam Houston State University in Huntsville, Texas. References, and, The role of communication in market liquidity.
Evidence from corporate use, The Accounting Review, Vol. (Year and month): . , , et al., Do companies engage in strategic communication? Evidence from corporate use of social media, The Accounting Review , Vol. (Year and month): . Show all references Tags: Corporate Reputation Cybersecurity Data Security Risk Management Social Media Reprints: More like this Algorithmic Management: The Role of Artificial Intelligence in Workforce Management Setting Ambitious But Realistic Environmental Goals Sustainability Progress for Most Companies Stalled Build better allies for your employees You must be logged in to post a comment. First time here? Sign up for a free account: comment on articles and access more articles. Weekly Review This week’s selection of must-reads for managing in the digital age, curated by MIT editors. MIT Editor Year Month Day Reading Time: Minutes Topics Leadership.
The U.S. Securities and Exchange Commission later charged Musk with making false and misleading statements that caused the stock price to drop. Multiple shareholders sued Tesla and Musk for deliberately manipulating stock prices. Given the inherent risks, companies need to be more stringent about their social media activities and monitor them more closely. About the Author David Horton is an Assistant Professor of Marketing Email Lists Database at the Williams School of Business at Xavier University in of Accounting at Ohio University in Athens, Ohio. Mark Edmonds is an assistant professor of accounting and finance at the University of Alabama at Birmingham. Leslie Blix is an Assistant Professor of Accounting at Sam Houston State University in Huntsville, Texas. References, and, The role of communication in market liquidity.
Evidence from corporate use, The Accounting Review, Vol. (Year and month): . , , et al., Do companies engage in strategic communication? Evidence from corporate use of social media, The Accounting Review , Vol. (Year and month): . Show all references Tags: Corporate Reputation Cybersecurity Data Security Risk Management Social Media Reprints: More like this Algorithmic Management: The Role of Artificial Intelligence in Workforce Management Setting Ambitious But Realistic Environmental Goals Sustainability Progress for Most Companies Stalled Build better allies for your employees You must be logged in to post a comment. First time here? Sign up for a free account: comment on articles and access more articles. Weekly Review This week’s selection of must-reads for managing in the digital age, curated by MIT editors. MIT Editor Year Month Day Reading Time: Minutes Topics Leadership.