June 2011

Nokia "non-takeover" debacle highlights social media risk to share prices

Poor old Twitter. It seems the ease and speed of the micro-blogging medium has struck again, raising yet more concerns about just how easy it is to spark off significant real-world reactions that can have potential legal or reputation implications. This week at a US conference the chief executive of Nokia, Stephen Elop, was forced to deny rumours that had originally surfaced on Twitter that Microsoft had agreed a USD19bn takeover of the mobile giant.