Social Media as a regulated industry, The view from WOMMA's Tony DiResta
WOMMA counsel, Anthony DiResta, talks about some of the fine points of the FTC guidelines that will take effect on 12/1/2009. Key points:
- Recognition that the days of the “Wild West” are over, this is now a regulated industry
- Social Media requires a culture of compliance
- Clarity on what constitutes an endorsement
- Companies require up to date social media policies that enable engagement while minimizing risk
This was part of a larger panel discussion on Friday 11/20/09
