"SEC tool could test executive online impulse control" by Thomas A. Sporkin and Ian Acker (Legaltech News)
Legaltech NewsThomas A. Sporkin, Ian Acker
A message to corporate executives and their public-relations minders: One in a trillion may no longer be a reasonable guarantee of anonymity.
The Securities and Exchange Commission (SEC) is confronting the difficult challenge of how to keep an eye on and sort through a fire hose of social media posts, which easily number more than a trillion every year—and only accelerating. Just weeks after Tesla founder Elon Musk tweeted in August that he had secured funding for a private buyout of the electric car maker, the commission said it was actively looking for an off-the-shelf tool to track posts.
The desired tool would provide “emailed alerts to SEC staff based on keyword searches for relevant topics with the ability to monitor social media sites, including but not limited to Facebook, Twitter, Instagram, YouTube, Google+, and LinkedIn,” according to the notice of solicitation. It would also check message boards and news sites.
Originally published in Legaltech News; reprinted with permission.