Friday, October 4, 2013

Sometimes Google’s Knowledge Graph Highlights Brands For Generic Queries

Earlier, we posted an article asking if users can trust the information they see in Google’s Knowledge Graph, discussing errors Google has made. The trustworthiness is important for these results in particular, given that this is the stuff Google is highlighting as “knowledge,” and presumably giving people actual answers to their queries, rather than making them have to dig through third-party results to find them.
A reader named Jason made an interesting comment: “It appears that the knowledge graph is giving large brands an unfair advantage by displaying them for generic terms. One such example is when you do a search for a generic term such as travel insurance. It currently brings up a bio for an individual company, Travel Guard.”
Sure enough, I performed that query, and got the same result, and as you can see, Travel Guard is also the top advertiser on this page. It’s also the top organic result.

Travel insurance
The traditional ads are all marked as such, but this shows no indication that it is a sponsored result. Google’s Knowledge Graph just thinks that if you are searching for “travel insurance” there’s a very good chance you were talking about Travel Guard. You probably didn’t care about any other provider (though if you do, you can find them further down in the organic results.
Regardless of whether or not this has anything to do with the fact that the brand is an advertiser, there is a perfectly good Wikipedia entry for the term “travel insurance, which provides a non-biased, non-branded result. Considering that Google often draws from WIkipedia for Knowledge Graph results, it’s a little odd that that it wouldn’t go that route on a query like this.
I tried out some other generic keywords. I found a similar result for “online betting”. This time there aren’t any sponsored results, but there is a “see results about” box for BetOnline, a privately held company.
Online Betting
Why single this company out for one of these boxes? It’s not even the top organic result in this case. And wouldn’t it make more sense to show the “online gambling” Wikipedia entry that it is listed under BetOnline in the organic results (especially considering that much of the Knowledge Graph info draws from Wikipedia, and when you actually click over to the BetOnline results, you’re presented with a “knowledge panel” for BetOnline, pointing to its Wikipedia page)?
The ‘buy” results are quite interesting, as there are Knowledge Graph entries for Best Buy and Rakuten.com Shopping. These are the first two organic results as well, followed by Apple’s iPhone page, curiously, then the dictionary definition of the word buy. And look who the sponsored result is (hint: it’s Rakuten.com)
Buy
I couldn’t get a Best Buy ad to show for the query, but they are an advertiser, as you can see on the “buy electronics” query:
Buy Electronics
If you want to “buy” something, you must be looking for one of these two retailers, right? Certainly not Amazon or even Google Shopping.
Also interesting on the “buy” example is the “in-depth articles” section, which points to an article from Bloomberg Businessweek from 2006 about Best Buy’s Senior Director of Multichannel Order Management, one from Wired about Best Buy, and one from The Verge about “every thing you need to know” about buying a camera.
In-depth articles
“These results are ranked algorithmically based on many signals that look for high-quality, in-depth content,” said Google when it launched the in-depth articles. We don’t know much more about how these are picked.
Also worth noting is that whatever algorithm Google uses to show related searches doesn’t appear to deem Best Buy or Rakuten.com related enough to include in the list.
To be fair, I don’t know who’s just searching for “buy” on Google and expecting to find anything helpful, but it’s interesting to see what Google thinks people want.
A search for “cheap flights” brings up a “see results about” box for CheapFlights, a company that operates a family of travel sites. This one makes a little more sense since its name is the same as the query. It shows that it was smart to name itself after such a sought after generic query. It also shows up as the top organic result, just below Google’s own Flight Search box. I guess there is still some power to those exact match domains.
Despite the similarity between the company’s name and the query, (the company doesn’t have a space, and the query did), is it fair to give this brand an extra boost over its competitors, given that it’s such a generic term? Google could just not have one of these boxes at all. It’s not like they have them on every query, and it’s not like searchers won’t be able to find CheapFlights.com when it’s the top organic result anyway.
Cheap Flights
When you click to see results about CheapFlights, the company, you get a Knowledge Panel, once again pointing to its Wikipedia entry, which Wikipedia itself says is written like an advertisement.
Cheap Flights Results
Cheap Flights
I didn’t immediately come across any other glaring examples of branded results like these, though I would guess there are plenty of others, given how little time it took to find these, but I do have a few other observations I feel like pointing out.
When you search for the generic keyword “rent,” for example, the organic results are all over the place. They include things like the Wikipedia entry for the musical, rent.com (for apartments), the IMDb page for the movie version of Rent, some local real estate rental results, and the dictionary definition of rent.
Clearly, Google has no idea what the user is talking about, which is typically where the Knowledge Graph shines. It helps you let Google know which thing you are actually looking for via these “see results about” boxes. In this case, however, the Knowledge Graph only assumes I’m either talking about the musical (which it lists as a book for some reason, while pointing to a page about the actual musical) or the film. No mention of actual rentals, like some of the results you find in the organic results.
Rent Knowledge Graph
Why not distinguish between different meanings for “rent” with Knowledge Graph so people can get the right results? Same goes for the the query “AFL”. This shows no Knowledge Graph results whatsoever, but it has organic results for a variety of different options, such as AFLAC stock, the Australian Football League, Arena Football League, American Federation of Labor, AFLGlobal, etc. Wouldn’t the Knowledge Graph differentiation make a lot of sense on a query like this?
AFL
Granted, Google is continuing to expand Knowledge Graph results, so there is no reason to think it won’t have them on a query like this in the future. Still, Google does provide Knowledge Graph results distinguishing between different meanings of NRL:
NRL
We’ve reached out to Google for comment/clarification about why brands sometimes appear in Knowledge Graph boxes for generic terms, and will update accordingly.

About Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. 

Resource:  http://www.webpronews.com/sometimes-googles-knowledge-graph-highlights-brands-for-generic-queries-2013-10

Saturday, September 28, 2013

Hummingbird Is Google’s Biggest Algorithm Change In 12 Years

Hummingbird Is Google’s Biggest Algorithm Change In 12 Years
Let’s get one thing straight right up front. Hummingbird is not a new algorithm update like Panda or Penguin. It’s a new algorithm. Panda and Penguin are parts of the bigger algorithm. Hummingbird is the actual bigger algorithm. Google has been around for fifteen years now, and Hummingbird is apparently the biggest thing they’ve done to the algorithm in twelve.

Do you think Hummingbird is going to have a significant impact on your ability to rank in search results? For better or for worse? Let us know what you think in the comments.
The good news for webmasters who fear being struck down by any major changes that Google makes to its algorithm is that it launched a month ago, so if you weren’t hit by it Panda/Penguin style (there haven’t been many complaints), you probably don’t need to worry much about it. At least not in the immediate term.

Google announced the algorithm update at a press event on Thursday along with some other interface and Knowledge Graph tweaks. After that ended we learned that Hummingbird was described as the biggest Google algorithm change since Caffeine, and that it is designed to let Google quickly parse entire questions and complex queries and return relevant answers, as opposed to looking at queries on a keyword-by-keyword basis.
For all intents and purposes, Google is apparently trying to do what it does with its own Knowledge Graph with the rest of the the web. Your web. The web made up of your websites and everyone else’s. At least that’s what it sounds like. Hummingbird is to help Google understand your webpages the way it understands the data in its Knowledge Graph. We’ll see how that goes.
Longtime search industry reporter Danny Sullivan was at the event, and spoke with Google’s Amit Singhal and Ben Gomes afterwards. He got to talk to them a little bit more about Hummingbird. From this, we learn that Google calls the algorithm “Hummingbird” because it’s “precise and fast”. Singhal also reportedly told Sullivan that it hasn’t been since 2001 that the algorithm was “so dramatically rewritten” (Sullivan’s words).
“Hummingbird should better focus on the meaning behind the words,” Sullivan reports. “It may better understand the actual location of your home, if you’ve shared that with Google. It might understand that ‘place’ means you want a brick-and-mortar store. It might get that ‘iPhone 5s’ is a particular type of electronic device carried by certain stores. Knowing all these meanings may help Google go beyond just finding pages with matching words.”
“In particular, Google said that Hummingbird is paying more attention to each word in a query, ensuring that the whole query — the whole sentence or conversation or meaning — is taken into account, rather than particular words,” he adds. “The goal is that pages matching the meaning do better, rather than pages matching just a few words…Hummingbird is designed to apply the meaning technology to billions of pages from across the web, in addition to Knowledge Graph facts, which may bring back better results.”
So from the sound of it, this is really just an extension of Google’s ongoing strategy to become less dependent on keywords, which does have implications for SEO, and while webmasters may not have to worry about a major drop-off in rankings like with updates like Panda or Penguin, this could be more of an ongoing struggle for those competing to get on search results pages.
It’s probably going to be more important than ever to give Google as much information about your site as possible, so that it “understands” it. I would imagine that Google will continue to give webmasters new tools to help with this over time. For now, according to Google (per Sullivan’s report), you don’t need to worry about anything, and Google’s normal SEO guidance remains the same.
“Not content with taking away the little keyword data we had left this week, Google has again surprised the online marketing industry with a brand new algorithm,” says Econsultancy’s Graham Charlton.
This is in reference to Google’s move to make the default search experience encrypted for all users, which means that all of the search terms these users use will show up as “not provided” in Google Analytics. Google also recently killed the popular Keyword Tool.
It’s clear that keywords are becoming less and less important to search engine ranking success as Google gets smarter at figuring out what things mean, both on the query side of things and on the webpage side of things. Luckily, Hummingbird presumably still consists of over 200 different signals that webmasters can potentially take advantage of to gain a competitive edge.

About Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003.

Resource:  http://www.webpronews.com/hummingbird-is-googles-biggest-algorithm-change-in-12-years-2013-09

Thursday, May 30, 2013

Google Launches New Inbox For Gmail


Google unveiled a new inbox for Gmail on both desktop and mobile today, saying it “puts you back in control” thanks to “simple” and “easy” organization.
It separates your incoming messages into categories by tabs: Primary, Social, Promotions and Updates.
“On the desktop, the new inbox groups your mail into categories which appear as different tabs,” explains Itamar Gilad, Product Manager. “You simply choose which categories you want and voilà! Your inbox is organized in a way that lets you see what’s new at a glance and decide which emails you want to read when.”
“You can easily customize the new inbox – select the tabs you want from all five to none, drag-and-drop to move messages between tabs, set certain senders to always appear in a particular tab and star messages so that they also appear in the Primary tab,” says Gilad.
The Gmail apps for iPhone, iPad and Android (4.0+) will show you the Primary mail when you open the app, and you can navigate to other tabs to see the rest.
Gmail inbox
If you don’t like the new style, you can switch off all optional tabs, and go back to classic view.
The new inbox is rolling out across desktop and mobile apps over the course of the next few weeks. If you want to try it sooner, you can click “Configure Inbox” when it appears in your settings.
Email marketers who have had difficulties reaching Gmail users since Google launched the “priority inbox” have some new stuff to take into account.


About Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.

Tuesday, May 28, 2013

Google+ Gets 41 New Features, Including Stream Redesign [Google I/O 2013]

Google+ Gets 41 New Features, Including Stream Redesign [Google I/O 2013]

The first major change is an entire upheaval of the Google+ stream on desktop from a single column to a multi-column design. Some photos and videos will take up multiple columns while smaller stories will take up one out of three columns.
Google is also introducing a new feature called related hashtags. In short, it tags stories based on contextual clues from photos and posts. One example is a photo of the Eifel Tower being tagged #eifeltower based solely on Google’s image algorithm recognizing the subject of the photo.
For Hangouts, Google is introducing an app called Hangouts that’s separate from Google+. It’s kind of like Facebook Messenger, but with all of the sharing and video chat capabilities found in Google+ Hangouts. Google says that those participating in the Hangout app will feel like they’re in the same room together.
Photos on Google+ will be adopting a new philosophy of “Your darkroom is a datacenter.” In other words, photographers on Google+ will be able to utilize Google’s cloud technology to make highlighting and sorting photos easier. The latter is especially impressive as Google+ can now automatically sort photos by landmark, human presence, aesthetics and other indicators. Photos will also be getting auto-enhance – a new application that automatically applies image enhancements without having to use complicated software like Photoshop.
The final feature is called “auto-awesome.” One of its applications is called motion – it will take photos that are taken in burst mode and turn them into animated .gifs. The motion application is only one of five new features comprising the auto-awesome feature. Some other auto-awesome features include HDR and auto-collage.
Most of these new features, including the new stream, will be rolling out to Google+ this afternoon.
About Zach Walton
Zach Walton is a Writer for WebProNews. He specializes in gaming and technology. Follow him on Twitter, StumbleUpon, Pinterest, and Google+ +Zach Walton

Thursday, May 9, 2013

Google Maps Is Reportedly About To Look Like This

Alex Chitu at Google Operating System has shared a couple of screenshots of what it says is the new Google Maps interface. It’s no small redesign:
New Google Maps
Chitu hints that we could see the new look unveiled at Google I/O next week. Google does apparently have a three-hour keynote lined up.
It’s hard to say for certain just how authentic these screenshots are, as Chitu appears to be the only source (though he thanks a Florian K.). Chitu has a pretty credible track record of Google coverage though, and is always conscientious to point out when new Google features are simply tests. His post makes him seem pretty confident that this is the real deal. I guess we’ll find out soon enough.
Chris Velazco at TechCrunch makes a couple of good points, like for one, that the design seems to fall in line with other Google products of late – the “cards” look in particular. Also Google has had a history of recent product leaks.

About Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on  on Pinterest and/or on Google: +Chris Crum.

Wednesday, May 8, 2013

WordPress’ Share Of The World’s Top Blogs Increases


The majority of the world’s top 100 blogs are using WordPress, according to a new report from Pingdom, and the content management system’s share of these blogs is on the rise.
According to the firm, 52% of these blogs are using WordPress, up from 48% a year ago.
To come up with the top blogs, Pingdom looked to Technorati, which is famous for its annual State of the Blogosphere report, which has transformed into the “Digital Influence Report“. It’s worth noting that Pingdom was only able to identify the platform in use by 94 out of 100 sites.
WordPress
As you can see, the next largest piece of the pie comes from custom systems, followed by Drupal, N/A, Gawker, BlogSmith, Movable Type, TypePad, Blogger, Ceros, Joomla, and Tumblr.
Considering Tumblr’s rising popularity in recent months, it’s interesting to see it carry such a small percentage here (1 site).
TypePad has increased from two sites to four sites, while Movable Type decreased from seven to four. Drupal dropped by one site. Google’s Blogger gained one site, reaching three.
Here’s the list of blogs, and which platform each uses:

Top 100 blogs and their blog platforms – complete list
Technorati ranking Site Platform
1 www.huffingtonpost.com Movable Type
2 www.tmz.com Ceros
3 mashable.com Custom
4 www.techcrunch.com WordPress
5 www.gothamist.com Movable Type
6 www.mediaite.com WordPress
7 www.theverge.com Custom
8 www.gawker.com Gawker
9 arstechnica.com WordPress
10 www.buzzfeed.com Custom
11 jezebel.com Gawker


13 bits.blogs.nytimes.com WordPress
14 www.infowars.com WordPress
15 laughingsquid.com WordPress
16 theonion.com Custom
17 www.theblaze.com WordPress
18 hotair.com WordPress
19 www.joystiq.com Blogsmith
20 www.zerohedge.com Drupal
21 www.scotusblog.com WordPress
22 www.engadget.com Blogsmith
23 googleblog.blogspot.com Blogger
24 krugman.blogs.nytimes.com WordPress
25 www.eurogamer.net N/A
26 www.deadline.com WordPress
27 politicalticker.blogs.cnn.com WordPress
28 www.boingboing.net WordPress
29 thenextweb.com WordPress
30 www.deadspin.com Gawker
31 9to5mac.com WordPress
32 funnyordie.com N/A
33 www.towleroad.com TypePad
34 www.wired.com/wiredscience WordPress
35 www.neatorama.com Custom
36 www.neowin.net Custom
37 www.businessinsider.com Custom
38 www.macrumors.com WordPress
39 www.slashgear.com WordPress
40 thecaucus.blogs.nytimes.com WordPress
41 americanthinker.com Movable Type
42 www.redstate.com WordPress
43 bleacherreport.com Custom
44 mlbtraderumors.com TypePad
45 www.sbnation.com Custom
46 artsbeat.blogs.nytimes.com WordPress
47 thisisnthappiness.com Tumblr
48 marginalrevolution.com WordPress
49 ycorpblog.com N/A
50 blog.us.playstation.com WordPress
51 blogs.reuters.com/felix-salmon/ WordPress
52 www.extremetech.com WordPress
53 www.dailykos.com N/A
54 townhall.com Custom
55 www.wired.com/threatlevel WordPress
56 eurekalert.org Custom
57 www.tor.com Joomla
58 americablog.com WordPress
59 sethgodin.typepad.com TypePad
60 www.whitehouse.gov/blog Drupal
61 www.autoblog.com Blogsmith
62 thebiglead.com WordPress
63 joemygod.blogspot.com Blogger
64 www.refinery29.com N/A
65 flavorwire.com WordPress


67 blog.twitter.com Drupal
68 rightwingwatch.org Drupal
69 www.tuaw.com BlogSmith
70 thisiscolossal.com WordPress
71 www.dlisted.com Drupal
72 www.comicbookmovie.com Custom
73 inquisitr.com WordPress
74 economix.blogs.nytimes.com WordPress
75 www.geekologie.com N/A
76 www.geekosystem.com WordPress
77 thelede.blogs.nytimes.com WordPress
78 opinionator.blogs.nytimes.com WordPress
79 directorblue.blogspot.com Blogger
80 www.bleedingcool.com WordPress
81 www.bostonherald.com/sports Drupal
82 www.kottke.org Movable Type
83 economistsviews.typepad.com TypePad
84 blogs.the-american-interest.com/wrm/ WordPress
85 consequenceofsound.net WordPress
86 www.cinemablend.com Custom
87 www.wired.com/dangerroom WordPress
88 wattsupwiththat.com WordPress
89 www.geek.com WordPress
90 consumerist.com WordPress
91 www.popsugar.com Drupal
92 www.celebitchy.com WordPress
93 trailblazersblog.dallasnews.com WordPress
94 www.siliconera.com WordPress
95 www.nakedcapitalism.com WordPress
96 www.mediabistro.com/galleycat WordPress
97 www.ubergizmo.com WordPress
98 hip2save.com WordPress
99 animalnewyork.com WordPress
100 phandroid.com WordPres

About Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.

How Much Would You Pay For Google Glass? Most Say $200

In its current state, Google Glass is incredibly expensive. Those who signed up for the Google Glass Explorers program last year had to fork over $1,500 to get a crack at the device. The price will come down when it’s made available to consumers next year, but a new survey suggests that the price will have to come down a lot before consumers bite.
Last week, TrendBlog posed a question to its audience – “How much are you willing to pay for Google Glass?” The respondents were given a wide variety of price options ranging from below $100 to more than $2,000. The end result found that most were willing to pay near the bottom of the price spectrum.
Overall, 48 percent of respondents would pay between $200 to $300 for Google Glass when it launches next year. Going lower or higher than that causes interest to drop dramatically with only 13 percent willing to pay less than $100 with only one percent willing to pay between $1,200 and $2,000. Unsurprisingly, nobody would pay more than $2,000.
How Much Are People Willing To Pay For Google Glass by trendblog.net
How Much Are People Willing To Pay For Google Glass by trendblog.net
Pricing is incredibly important, especially when it comes to consumer electronics. Microsoft has learned this lesson the hard way as Windows 8 PCs have failed to take off partly due to the high cost. Apple was able to sell high priced electronics because it was able to convince consumers that its products contained exceptional software value. Google will have to do the same if Google Glass is priced above $300.
About Zach Walton
Zach Walton is a Writer for WebProNews. He specializes in gaming and technology. Follow him on Twitter, StumbleUpon, Pinterest, and Google+ +Zach Walton

Tuesday, April 9, 2013

Google Cracks Down On Short-Term Loan Ads

Google Cracks Down On Short-Term Loan Ads
Google has reportedly cracked down on payday loan services using AdWords, which are in violation of its policies and government regulations.
TheDrum.com reports (via Search Engine Land) that Google has pulled all Moneysupermarket ads as part of the crackdown, which is the result of increasing government pressure on Google.
The publication shares a statement from a Google spokeswoman, who said, “We have a set of policies which govern what ads we do and do not allow on Google. We have strict policies for those advertising short term loans, and make it very clear that advertisers need to comply with local regulations and be transparent about their fees, implications of non-payment and collection practices. If we discover sites that are breaking this policy we will take appropriate action.”
Here’s what Google says about short-term loans in its AdWords policies:
Short-term loans are defined as secured or non-secured loans with a duration of 60 days or less. Google doesn’t allow websites for short-term loans that don’t include all of the information below (includes lenders, lead generators, and aggregators of short-term loans):
  • Legitimate contact information or physical address (P.O. box addresses are not acceptable)
  • Compliance with other state or local regulations related to short-term loans
  • Prominent disclosure of the following on the landing page, meaning that it’s shown in the same font type, size, and color as the base text on the landing page and presented in a way that is clear and conspicuous to users:
    • APR
    • Implications of non-payment, including the following:
      • Financial implications (whether fees are charged and/or interest rates are raised)
      • Collection practices
      • Potential impact to users’ credit score
      • Renewal policy information, including if the renewal is automatic and if there are fees associated with the renewal
      Aggregators/lead generators may provide sample implications from their network to satisfy the above requirements. Implications of non-payment should be grouped together in one location on the landing page.
Google has different policies for Japan, Singapore, the UK and the US. These can all be found here.
Advertisers who have had their accounts suspended are advised to review the guidelines, remove all unacceptable content from ad text and their websites, provide users with accurate info about business, products and services, ensure that their sites contain all info required by state and local lawas, and be transparent about the products or services being promoted.

About Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.

Thursday, April 4, 2013

Google’s New ValueTrack Parameters Go Live


Google’s New ValueTrack Parameters Go Live
Last month, Google announced new ValueTrack parameters for Enhanced Campaigns for advertisers using keyword level URLs. Today, the company announced that they’re now live and ready to be applied to campaigns.
“These features will help you achieve your conversion and ROI goals, and make the upgrade to enhanced campaigns easier by directing users to a device-specific landing page at the keyword level [and aligning performance reporting with device groupings used in enhanced campaigns," says AdWords senior product manager Karen Yao.
Specifically, Google has added the {ifnotmobile:[value]} parameter, which lets you replace [value] with the text that will show up in your URL when the user clicks the ad from a computer or tablet. They’re changing the parameter {ifmobile:[value]}, which will now insert the specified value into the URL only when the user clicks from a mobile device.
Google shares some examples for using these parameters in a blog post here.
If you still need to learn more about upgrading to Enhanced Campaigns, Google has a guide available

About Chris Crum
Chris Crum has been a part of the WebProNews team and the iEntry Network of B2B Publications since 2003. Follow Chris on Twitter, on StumbleUpon, on Pinterest and/or on Google: +Chris Crum.

Companies Can Announce Important Info on Social Media, Rules SEC After Reed Hastings Investigation

Companies Can Announce Important Info on Social Media, Rules SEC After Reed Hastings Investigation
The Securities and Exchange Commission has clarified its rules on Regulation Fair Disclosure, saying that public companies can use social media outlets like Facebook or Twitter to announce key company information – just so long as the investors are made aware which social media accounts may be posting such information beforehand.
“The SEC’s report of investigation confirms that Regulation FD applies to social media and other emerging means of communication used by public companies the same way it applies to company websites,” says the SEC.
The SEC didn’t recognize company websites as proper disclosure channels until 2008.
“One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information,” said George Canellos, Acting Director of the SEC’s Division of Enforcement. “Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news.”
This ruling stems from an SEC investigation into the Facebook activities of Netflix CEO Reed Hastings. Back in December of 2012, Hastings ran afoul of the SEC when he made a post on Facebook announcing that the company had topped 1 billion hours of streaming per month.
The SEC claimed the post violated Regulation FD, as the disclosure didn’t appear in an official filing or a press release. Hastings had not disclosed to investors that he would be using his Facebook page to report important information.
Just a couple of months ago, Hastings made it clear that he wouldn’t be backing down on this, as he felt that he did nothing wrong.
“I wasn’t setting out to set an example. I was sharing something to these 200,000 people,” Hastings said. “I’m not going to back down and say it’s inappropriate. I think it’s perfectly fine. Sometimes you’re just the example that triggers the debate.”
In clarifying these rules the SEC has also cleared Hastings, saying that they recognize that there had been market uncertainly about Regulation FD and social media. Thus the need for the clarifications.
“The report of investigation explains that although every case must be evaluated on its own facts, disclosure of material, nonpublic information on the personal social media site of an individual corporate officer — without advance notice to investors that the site may be used for this purpose — is unlikely to qualify as an acceptable method of disclosure under the securities laws. Personal social media sites of individuals employed by a public company would not ordinarily be assumed to be channels through which the company would disclose material corporate information.”
So, Reed Hastings and others like him can avoid all the hoopla if they simply make it clear to investors that their Facebook or Twitter profiles will be used for divulging key information. As long as that fact is known, companies, CEOs, COOs, or whoever have the right to post investor relations materials on social sites.



About Josh Wolford
Josh Wolford is a Writer for WebProNews. He likes beer, Sriracha and movies that make him feel weird afterward. Mostly beer. Follow him on Twitter: @joshgwolf Google+: Joshua Wolford StumbleUpon: joshgwolf