Social Media vs Investor Relations

This post (from IR WebReport – thanks to them, looks like a good site) just underlines for me everything that’s so, so wrong about the use of social media for commercial purposes.

It’s basically an examination of companies with Twitter feeds (or streams or whatever you call them) and how they use them to communicate results announcements. The author expresses some surprise and irritation that some of these benighted corporates fail to announce their results on Twitter at the same time as they do through other (dare I say it) more traditional media.

To which I have two reactions:

  • Of course they’re not using Twitter in the same way that they’re using other, more traditional, channels. Twitter is a gimmick. Oh – and 140 characters doesn’t leave much room for the Chairman’s statement
  • No serious analyst is relying on Twitter as his/her sole source of information about the companies on┬áhis/her beat. Those that are, I would suggest, are not looking at glittering careers

Twitter. Useless. Get over it.

Oh. And stop trying to shoehorn Twitter (or any social medium) into areas where it simply a) doesn’t work and b) isn’t relevant.

Thanks!