social media

Westlaw Insider Weekly Roundup

Here’s a quick check-in with our friends over at Westlaw Insider to see what’s been going on in the legal world this week:

With August being the “back to school” month for everyone from preschoolers to law students, WI is looking at recent important developments in education law throughout the month. The second installment (read the first installment here) focuses on bullying and the question of whether anyone is legally liable.

For most practicing attorneys, finding even one extra minute in the day to devote to something new is a monumental task. So how can practicing attorneys find the time to engage in social media? It can be done, but multitasking skills are a must, moderation is the key to success and Twitter is the social network of choice.

In the “Jury Verdict of the Week“ Progressive was ordered to pay $11M in punitive damages to Insureds.

In other news, check out the first post on our new Westlaw Journals blog and make sure to follow @Westlaw on Twitter.

How Does the Market Feel Today?

Optimistic, joyful, fearful, trusting, angry, innovative, violent, stressed—these are all emotions that we as humans feel a combination of every day. But did you ever think that the collective emotions of people could directly affect the “sentiments” of the economic market?

We recently expanded Thomson Reuters News Analytics (TRNA) to include a new psychological analysis capability that gauges market sentiment by analyzing human emotions in news and social media in order to influence and support investment and trading strategies in the financial markets. (more…)

Facebook and Zynga Tempted by Online Gambling

As states are about to legalize online gambling a number of casinos and social media giants are racing to take advantage. Reuters correspondent Joseph Menn tells Anthony De Rosa that social media giants Zynga and Facebook need to be careful before becoming involved with online gambling.

Watch more episodes of Tech Tonic.

Social Media is Dumb (By Itself)

By Brandon Carter, Thomson Reuters

Generally, “the-world-is-on-fire-and-it’s-social-media’s-fault” types of reports affect me only slightly more than Justin Bieber’s eating habits.  However, this particular article caught my attention.  In short, public agencies are requesting that job applicants provide their Facebook passwords during the interview process.

Aside from being invasive, giving out my private passwords just seems like a bad idea; however, times are hard so why open my inbox to a complete stranger?  On a practical level, what can a stranger REALLY determine from having my Facebook password?

In my line of work, there are a lot of assessments made on limited information, much of it being from user generated content sources like social media.  Using aggregated  sources of people data, like CLEAR, makes things a little easier; however, user generated content is a different animal all together.  In an attempt to eliminate some false-positives, which vary wildly with each assignment, information and data points are evaluated and corroborated using various structured analytic techniques.

Regardless of the effort put forth to account for false information, we oftentimes experience the same analytic roadblocks that will undoubtedly be encountered by the hiring managers who are perusing images of spring break parties that would make Tommy Lee jealous: Who is controlling the facts?  When someone wants to hide something specific, it’s pretty simple to exclude it from their social networking profile.  Simply put, when a user controls the information in an exchange, the user controls the facts.

As analysts, we are charged with finding meaningful and valuable conclusions within significant amounts of important data.  The trick for us is to be creative and realize that every bit of data is a piece of something larger and your answers will invariably be found across a variety of data sources.  In the end, analysts must realize that Facebook and social media serve as indicators for other avenues of information collection and analysis.

So, “What can a stranger REALLY determine from having my Facebook password?”  I think the quick answer is simple: It’s up to me.  They may be able to do some digging to get to the juicy stuff, but I have the ability to make it a difficult process.

How Reuters Journalists Use Social Media to Uncover Today’s Stories

Join this complimentary best practices webinar to hear Reuters journalists discuss how they use social media to identify story ideas, do research and monitor the marketplace.

  • Learn how best to engage journalists using emerging technology.
  • Understand the components of a great pitch.
  • Get your questions answered by the panelists during an interactive Q&A session following the discussion.

Can’t make the live webinar? Not to worry. If you register, you will receive access to the on-demand version which will be available after the live event. View it at your convenience.

Details:

Anthony De Rosa
Lauren Young
Corey Fiedler

Anthony De Rosa
Social Media Editor
Reuters

 

Lauren Young
Wealth Editor
Thomson Reuters

 

Corey Fiedler
VP of Product Management
Thomson Reuters

 

Thursday, April 12, 2012
12:00 pm EDT | 5:00 pm BST | 6:00 pm CEST

Join the conversation on Twitter: #ReutersWebinar

Why Boards Need to Adopt Social Media

Lucy P. Marcus is a board chair and non-executive director who is challenging conventional wisdom inside and outside the board room. She has emerged as the voice setting the agenda on future proofing boardrooms and companies around the world. The CEO of Marcus Venture Consulting, she is Professor of Leadership & Governance at IE Business School and she speaks and writes about boards and leadership. Lucy has been awarded the Thinkers 50 “Future Thinkers” Award. She can be found on twitter at @lucymarcus.

Introducing Reuters Social Pulse

Last week we launched Social Pulse, the new social media hub on Reuters.com. Some features include:

The Hit List - Our journalists and official Twitter accounts follow everyone from economists to business leaders to tech innovators to politicians, and these are the stories being talked about by the newsmakers we follow. The more a story is shared on Twitter by these influencers the more likely it is to appear here.


Stock Sentiment - The sentiment graph is powered by WiseWindow, a company that tracks and analyzes hundreds of thousands of social

sources for sentiment about companies, products and more. Here we’re showing you the most discussed companies of the day within each sector and how attitudes about them are shifting in comparison to their stock price percentage change.

Reuters & Klout 50 – The Most Social CEOs- Reuters and Klout have partnered to rank the most influential CEOs using social media metrics. We are ranking well over fifty people, but only the top 50 appear on this site. To make the list the user has to be a CEO, active on Twitter, tweeting in English, and have their own handle separate from their company’s.

 

For more details about Social Pulse, we highly suggest reading Alex Leo’s blog post, as she played an integral role in putting it all together.

Social Media Advertising & Insurance Compliance: What is the Big Deal?

Caption|REUTERS/Robert GalbraithInsurers should expect additional hurdles in the area of social media advertising compliance. To the extent that insurers are pursuing business in social media marketing channels and policyholders are increasingly meeting their insurance needs through social media utilities, it is imperative that insurers anticipate and employ comprehensive solutions for compliance issues that will invariably arise.

Do state insurance advertising laws take in social media?
What does the current social media regulatory landscape look like?
To what extent are insurers and producers using social media?
What are some problematic scenarios for insurers and policyholders?

This paper tackles these insurance advertising and other social media compliance questions and arrives at the following conclusion: Insurers who do not invest in social media compliance solutions will find themselves at a distinct disadvantage not only in the marketplace but with regulators as well.

Download the paper here.

Is Social TV the future of television?

Our Social Media Editor of Reuters, Anthony De Rosa, sat down with Christy Tanner, EVP and GM of TVGuide.com to talk about the rise of Social TV and discuss if it can truly transform how we watch television. Check it out:

First social media ETF launches this week

If you’d like exposure to social media stocks but didn’t get in on the ground floor when they went public, you’re in luck. Global X funds introduced an ETF that invests in social media stocks globally.