This may be related to Reg FD. AFAIK press releases are considered fair to investors since they're guaranteed to hit everybody's Bloomberg terminal. Although Jonathan Schwartz convinced the SEC that blogging is compliant with Reg FD, I suspect many companies don't want to risk it.
Yes, Reg FD -- professional IR services cater to this market. In case you're interested in the timeline from the Bloomberg Terminal point of view: http://imgur.com/wwzUp
tl;dr PR newswire (BUS) comes first @ 8:54, it hit Bloomberg News wire four seconds after release. Amazon blog wasn't until 9:17, followed by others such as TechCrunch @ 10:11.
Comments
This may be related to Reg FD. AFAIK press releases are considered fair to investors since they're guaranteed to hit everybody's Bloomberg terminal. Although Jonathan Schwartz convinced the SEC that blogging is compliant with Reg FD, I suspect many companies don't want to risk it.
Yes, Reg FD -- professional IR services cater to this market. In case you're interested in the timeline from the Bloomberg Terminal point of view: http://imgur.com/wwzUp
tl;dr PR newswire (BUS) comes first @ 8:54, it hit Bloomberg News wire four seconds after release. Amazon blog wasn't until 9:17, followed by others such as TechCrunch @ 10:11.