Social Networking Websites

Last week, Netflix announced that it received a Wells notice from the SEC. Apparently, while the SEC was cruising Facebook (what else is there to do while neglecting to investigate Wall Street?), someone noticed Netflix CEO Reed Hastings posting that Netflix had surpassed one billion hours of streaming old episodes of Facts of Life to shut ins.

The SEC staff thinks Hastings disclosed material information in this Facebook post, possibly violating Reg FD, the 2000 regulation that put a stop to companies giving an advantage to small subsets of investors by disclosing material information between blowing rails of coke off strippers.

But Facebook isn’t a seedy strip club full of free drugs and prostitutes (read: Christian Mingle). Reed Hastings has over 200,000 “fans,” many of whom are analysts and reporters. In pursuing enforcement without exercising a little discretion, the SEC ignores these facts.

Netflix is arguing that the disclosure was not material and that most investors knew that the CEO’s Facebook page is recognized as an avenue for public disclosure.

Regardless of the specific resolution of this matter, this is one more reminder that the SEC is woefully behind when it comes to adapting to technological developments. Like, oh I don’t know, HFT perhaps?

double red triangle arrows Continue reading “SEC’s Netflix Probe Is No Blockbuster”

Bryan Garner

How old is “bench slap”? Should I put it in Black’s Law Dictionary? How would you define it?

– Legal writing guru Bryan Garner, editor of Black’s Law Dictionary and co-author (with Justice Scalia) of Reading Law (affiliate links), asking on Twitter about a possible addition to Black’s.

(Information about the origins of “benchslap,” after the jump.)

double red triangle arrows Continue reading “Tweet of the Day: Ask Your Co-Author, Justice Scalia; He’s an Expert on Benchslaps!”

By now, we’re sure you’ve seen the ridiculous copyright notices that have been popping up on Facebook status updates left and right — and if you haven’t, then perhaps your friends are simply more intelligent than the masses who’ve been fooled into believing they can override the social media giant’s terms of use.

We’ll put this simply to avoid further confusion: stringing together nonsensical bits of pseudo-legalese cannot save you from succumbing to the rules and regulations of the Facebook gods. On the other hand, stringing together nonsensical bits of pseudo-legalese is sometimes what law blogging is all about, so we’ll help our readers debunk the myths of privacy and intellectual property rights on Facebook.

Aww, you thought Facebook couldn’t use all the things you posted on the site because of your privacy settings? Well, isn’t that just precious….

double red triangle arrows Continue reading “Facebook Laughs as Peon Users Attempt to Reclaim Their Privacy and Copyright Interests”

It’s annoying when people talk about stuff they know little about. (Unless it’s on a law blog, in which case this is assumed.) Take Twitter. Most people I know who’ve decided that Twitter is a waste of time have either never used it or tried it out briefly and given up. It’s particularly annoying when you’re attending a social media CLE and one of the panelists says, “I don’t get Twitter.” I’ve seen this happen more than once and automatically think, “And I’m listening to you why…?”

Twitter is partly to blame for this. The site launched eight years ago with a prompt for users to answer the question, “What are you doing?” This led to the assumption that users would post stuff like they just had a soup and sandwich for lunch. As if any of us would care. Twitter has since updated the question to “What’s happening?” which is a more accurate reflection of the variety of content that’s actually shared on Twitter.

I’m one of those people who created a Twitter account some time ago and promptly forgot about its existence. Then, about two years ago, I decided to try Twitter out in earnest for two reasons: one that was related to work and the other that was much more selfish….

double red triangle arrows Continue reading “Moonlighting: #Twitter and Lawyers in 140 Characters or More”

Say goodbye to your security deposit…

* If Twitter reset your password yesterday, don’t worry. Looks like someone at the company just had an itchy trigger-slash-reply-all finger. [Consumerist]

* A disbarred Dallas attorney ended up in jail for allegedly trashing his office and drawing penises all over the walls when he got evicted last month. Apparently he’s also been watching too much Workaholics recently. [Dallas News]

* The Electronic Frontier Foundation has filed a lawsuit on behalf of registered sex offenders, hoping to block a new California law that allegedly curtails their internet rights. It’s a dirty job, but someone’s gotta do it. [Wired / Threat Level]

* Social networks: the newest part of George Zimmerman’s defense team? [New York Times]

* A useful new tool to help law firms in recruiting and placing laterals. [Attorney Search Group]

* Jared Loughner, who shot Rep. Gabrielle Giffords last year, was sentenced to life in prison without parole today. Here’s what Rep. Giffords and her husband had to say to him. [Althouse]

It’s been a few months since we last heard from Paul Ceglia, the guy who claims he owns a 50 percent stake in Facebook.

In August, he was getting slapped around by a federal magistrate judge, but this morning, we learned he got slapped again — with handcuffs.

It appears federal prosecutors caught wind of his, as Magistrate Judge Leslie Foschio wrote, incomprehensible and vexatious tactics, so they decided to take matters into their own hands…

double red triangle arrows Continue reading “Paul Ceglia Has Been Arrested”

Twitter for us is like a parliament, but not the kind of parliament that exists in this region. It’s a true parliament, where people from all political sides meet and speak freely.

– Faisal Abdullah, a Saudi Arabian lawyer, explaining to the New York Times how Twitter has created a revolution of sorts in his country.

Alex Macgillivray

No one wants a pen that’s going to rat them out. We all want pens that can be used to write anything, and that will stand up for who we are.

Alexander Macgillivray, general counsel of Twitter, commenting to the New York Times about the social media giant’s legal efforts to protect the privacy of its users.

When I was a kid, I dreamed of becoming president. When I got older and realized becoming president would require a ridiculous amount of work on my part, I settled on the only dream worth a damn in this country: I want to win the lottery. And not some rinkydink $1 or $2 million jackpot, either. I want to win a bunch of money. I’m an adult American and I daydream about winning the Powerball at least three times a week.

And I suspect that this does not distinguish me from many of my peers in the legal community. I don’t have hard stats on this, but anecdotal evidence gleaned from conversations with several of my friends who hate being lawyers suggests that ninety-seven percent of recent law school graduates want nothing more than to win the lottery and tell the miserable senior associate who made them work last weekend to get bent.

Theodore Scott knows what I’m talking about. He’s an attorney who spent 22 years getting beat down by the legal profession and thought he had found a way out….

double red triangle arrows Continue reading “Ennui. Rhymes With Crap Tea.”

One of the best and worst things about modern social media is the ability to know exactly how many followers or Facebook “likes” you, your friends, your competitors, and your enemies have. It’s useful to be able to rank yourself among other people, but it’s not hard to get overly concerned with boosting your stats. But metrics quickly become muddled when one realizes the mere “following” numbers are not totally transparent.

Case in point: a midsize law firm was publicly called out for some sketchy Tweetness, now the firm is learning the hard way that not all Twitter followers are created equal…

double red triangle arrows Continue reading “Law Firm Buys Fake Twitter Followers, Public Mockery Included at No Charge”

Page 9 of 271...5678910111213...27