Comment Re:SEC (Score 1) 135
Exactly. That Twitter of Facebook are "public" is irrelevant.
First of all, they are privately owned and operated services, subject to the whims and policies of their owners.
Second, SEC has certain requirements for disclosure, not necessarily because it is "public", but because it is a clearinghouse. It is not reasonable to expect traders, investors and analysts to keep track of the 100s of thousands of Facebook pages, Twitter feeds, company blogs, CEO/CFO/CIO/etc blogs, even if they are all "public". That's not disclosure.