The case raises more questions about how corporations and regulators should treat social media. Tesla does file some corporate information in 8K “current report” documents through the SEC, and on the news page of the company’s website assembled by Musk’s public relations team. The SEC’s Regulation FD requires broad dissemination of material corporate information, either through an 8K filing with the agency or by other means. A company could simply post material corporate information on its website, available to anyone with a computer. Corporate investor relations executives began to wonder whether social media is an approved means for issuing potentially stock-moving corporate information.
Source: Los Angeles Times December 10, 2019 13:52 UTC