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So it turns out the SEC lets you use even things like Twitter to give out information, as long as it can go to every shareholder at the same time [I AM NOT YOUR
by hawkice 10y ago
So it turns out the SEC lets you use even things like Twitter to give out information, as long as it can go to every shareholder at the same time [I AM NOT YOUR LAWYER, IGNORE ME].
see: https://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171513574 https://www.sec.gov/News/PressRelease/Detail/PressRelease/13...
- hendzen 10y agoYou still have to formally tell your investors that you will be using Twitter (or some other internet platform) to disseminate said information. This Shopify data could definitely be used to gain an edge in trading their stock. You basically compute projected earnings based on the sales per-second rate reported on the site and compare against their earnings guidance from the previous quarter (or analyst predictions). If the projected earnings go below the projection, you sell, otherwise you buy.
- jedberg 10y agoThis is on their website. Therefore it's already an accepted source of information for stock related material. Since it is public and went out to everyone at the same time, it should be fine.