My Contribution to For Immediate Release #562
I created my latest contribution to For Immediate Release using AudioBoo. Fun experiment.
It’s below – about Web 2.0 and Gov 2.0 – and even includes a British to American translation.
Mark
I created my latest contribution to For Immediate Release using AudioBoo. Fun experiment.
It’s below – about Web 2.0 and Gov 2.0 – and even includes a British to American translation.
Mark
Although many of opined on this topic, every person has their own thinking on the most annoying – nay, downright maddening – behaviors in the world of social media that well, merit the social media death penalty.
By “death penalty,” I’ll leave it up to you to decide (adding a disclaimer that I am NOT endorsing you grabbing a gun and using
it). It could mean calling someone out on Twitter, Facebook or a blog post. Worse yet, your egregious infractions could land you in the print media doghouse – like I did to me a year or so ago when I was an idiot.
So here’s my list of the Top Things that Merit the Social Media Death Penalty:
Bonus offenses:
What’s on your list of offenses that merit the social media death penalty?
For those of you about to flame, we salute you. This is satire, people.
Mark
Image credit: Sydney Morning Herald.
Somewhat lost in the endless debates about the planned $100 million community center/mosque/lightning rod is the efficacy of using social media tools to influence the debate. As I have been following the – very passionate – debate, my mind has turned to thinking about other ways that both sides have used “new media” (or not-so-new-media) to project their points of view.
The Twitter account “Park51,” that which represents the group who wants to build the community center/mosque/lightning rod near Ground Zero in Manhattan has drawn some unwelcome controversy. Earlier this week, whomever was maintaining the account got snarky with some people who were posting @ messages to Park51.
According to the New York Post, the exchanges went pretty far south, quickly:
“If Haaretz likes publishing fables, perhaps they could go back to the Yiddish ones with parable,” they tweeted on Monday. In response to a critic who had “Amish” in his handle, Park51 tweeted, “Shouldn’t you be making butter?”
The next day, Park51 took down the post and apologized. It then posted an announcement that it was “introducing a new team” to take over the account. “We are in the process of introducing a new team and are issuing apologies for any prior tweets that may have caused offense,” the mosque organizers wrote.
I am not — repeat NOT – going to debate the merits of building the community center/mosque/lightning rod near Ground Zero. So save your flames for another day. What the Twitter posts underscore is the need, especially in a controversial environment, to have AN ADULT IN CHARGE OF SOCIAL MEDIA, especially if you are at Ground Zero of a heated controversy.
I checked the Twitter account of Park51, and as I write this, they have a paltry 2,800 followers. North Korea has more than that, for Christ’s sake. How many people do you think heard about or read online and offline articles about the Twitter snarking? Millions? It’s one big echo chamber, guys.
In a recent Media Bullseye Radio Roundtable, Jen Zingsheim and Doug Haslam discussed a call for Scott Monty of Ford – someone who really gets
social media – to use interns to staff their Twitter accounts. Mr. Monty said “no, thanks.” And rightfully so. He knows that giving someone the keys to your social media accounts is giving them the Global Ford Bullhorn and allowing them to broadcast messages on your behalf.
It’s almost natural, however, for some organizations to put younger people in charge of social media. “Oh, he is all over Facebook/Twitter.” Let him do it.” While GenY may, in fact, participating in social networking sites (at a 96% clip), this does not make them expert at crisis communications. When you are firmly in the public eye and all communications are being watched closely, why snark at detractors – who will then howl and spread your information far and wide? One can take a few lessons from this:
All of this is probably Social Media 101, but it is stunning that a) someone would suggest that a global brand like Ford turn over the social media to an intern, b) that Nestle was not prepared for the Facebook page corporate campaign, and c) the Park51 folks, who are getting hammered in the press, would be anything less than hyper-vigilant about ALL of their communications.
C’mon, guys. Get with the (social media) program.
Mark
Image credit: Tricycle Editor’s Blog.
Image credit: Association of Downloadable Media
The views in this post are mine and mine alone and do not necessarily reflect those of the Chairman of the SEC, its Commissioners or my colleagues. I am not a lawyer and do not offer legal advice.
As you may have guessed from my uber-disclosure above, I am the Director of New Media for the U.S. Securities and Exchange Commission. We have three pillars at the SEC, one could argue the most important of which is to protect investors. This is why we hold most publicly traded companies to a very high standard,
regulating what they can say, when they can say it and how.
This is one of the reasons that I closely followed Frank Eliason’s departure from Comcast and subsequent landing at Citi. Frank is truly one of the pioneers of using social media in general and Twitter in particular – as a platform for customer service. “Comcast Cares” was arguably one of the best uses of social media to help resolve customer service issues. I got to meet Frank at BlogWorld Expo last year and I found him to be down to earth and likable as well.
Technically Philly noted of Frank:
He was the start of a social media craze from Comcast, chasing down and responding to online complaints from customers. In the history book of social media, Eliason, who popularized Twitter handle @ComcastCares, will be among the forefathers of the movement.
True ‘dat.
Throughout a long and checkered career, every new job I have gotten has been based largely upon the experiences and successes from prior jobs. This is true for almost everyone and, I presume, the same for Frank as well. And since he was so successful at Comcast, I cannot help but wonder which of the social media tools and tactics he can take with him to Citi.
Tech Philly Frank describes what he will be doing at Citi:
Together with my Citi team, we can … further build relationships with our customers. Since my days at Vanguard Investments, I have always enjoyed the industry, and with the transformation that has been taking place, now seems to be a great time to return.
Here’s where the social media rubber hits the financial regulation road.
As I stated, the SEC issues strict guidance on what publicly traded companies say, what they can say and when they say it. Much of this is encapsulated in something called “Regulation FD” – the “FD” being “fair disclosure.” Feel free to read the SEC explanation of Reg FD, but in plain English, this means that the SEC mandates that all publicly traded companies must disclose material information to all investors at the same time. Hence, “fair disclosure.”
FINRA , the Financial Industry Regulatory Authority, Inc., also has a say in financial disclosure (they regulate individuals and entities as well) and they issued some pretty detailed requirements in January 2010. If you’re interested, read their notice, but they list social media platforms – one by one – and their requirements. Really good, detailed stuff.
Since Frank is beginning anew at Citi, I can’t help but wonder which strategies and tactics will be replicable at his new job. As I note above, communication in the financial services industry is, quite “frankly,” more strict and controlled than it is in the non-regulated industry. Oftentimes, there is a lot more legal approval that has to go through internal compliance offers to ensure that companies are, well, in compliance with FINRA and/or SEC regulations. Strict stuff.
None of this is to say that Frank will be anything less than successful – what he has been in prior stops in his career – but I wonder how much more challenging it will be to deploy a wide array of social media tools and tactics to inform and educate investors and other market participants.
Good luck, Frank, but I doubt if you will need it.
Mark
P.S. – Have I mentioned that these words are mine and mine alone?
Image credit: Citi.
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