Channel under-utilization… I haven’t been paying attention to Twitter… but when I go there I realize I’m following some interesting folks including IRWebreport… they have a post on Broadridge’s social network… finally an equity social network that makes sense… the adoption threshold is very high but if they get traction the quality level of postings should be really good… and I think the SEC disclosure is a non-issue… I mean you click through those things every time you register at a new site… it’s just there to make the Lawyers happy…
It’s interesting to see one of the oldest infrastructure providers dive into social stuff (Broadridge is a spinoff of ADP)… Reuters did a social networking thing for institutional investors… I wonder if they ever got any traction against Bloomberg…
~~~~ “While anyone can view information on the site, to contribute investors must first provide the online account ID and password they use to access their brokerage account, and agree to a long and detailed disclaimer that includes a number of references to SEC regulations.
Once verified, each investor is given their own page under a pseudonym that shows which companies’ stocks they hold in their portfolio, along with an indication of how many shares they own. They can then post comments in discussions about those companies, as well as companies whose securities they do not own.” ~~~~
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