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Saturday July 26, 2014

Barred From Social Media, Wall Street Finds a Workaround

Image representing RuTube as depicted in Crunc...

RuTube Image via CrunchBase

Lots of people are plugged into social media all day, yet access to Facebook, Twitter and most music and video streaming sites are blocked at Wall Street firms.  Regulations require financial institutions to keep records of all employee communication, but there’s no way to monitor Facebook chats or comments on YouTube. According to The New York Times, employees find ways to overcome those obstacles. They catch sporting events on Rutube, the Russian equivalent of YouTube. Since most companies prohibit access to Spotify or Pandora, they listen to music through SoundCloud and Grooveshark. Goldman Sachs is working with Hearsay Social to make some social media accessible. Just last month it made the company’s own Twitter feed available to employees.

The New York Times