Publicly-held companies can now make disclosures via social media.
Evidence of social media's power to move markets came on April 23, when the Dow fell 150 points after a hijacked Associated Press Twitter account falsely reported explosions at the White House.
Twitter and Facebook are now sources of legitimate financial news too. After investigating a 2012 Facebook ( post from ) Netflix ( that sent its stock up, the SEC ruled in April that publicly held companies could make disclosures via social media. )
Expect more tweets about profits -- and more difficulty following the market.
Long-term investors should tune out Twitter, says Stamford, Conn., financial planner Matthew Tuttle. Actively trading stocks? Set up a watch list of ticker symbols using an app like HootSuite.
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