Law360 (May 4, 2021 5:44 PM ET) – As several companies have learned the hard way over the past few months, social media presence can lead to a lot of things – and many of them are not very good. for business.
Social media is a necessary but dangerous breeding ground for companies: many brands must maintain an active presence to stay relevant and compete in the marketplace, but misuse or even alleged misuse is a danger that could lead to investigations by the US Securities and Exchange Commission. and shareholders’ lawsuits.
The recent lawsuit filed against Tesla Inc. March 11, demonstrates the legal dangers that can arise from errors on social media.
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