The FTC is beginning to move in on the bloggers and we should be worried. The Federal Trade Commission voted 4-0 to establish a new rule to regulate freedom of speech on the Web for bloggers and social media users.
An $11,000 fine could appear in your mail box from a federal official or a federal agent could knock at your door for violating the new rules. The rules may not seem to effect you now but this is the beginning of quiting down the blogosphere. The rules state that bloggers and social media must disclose any financial relationships they may have with companies or products they talk about in their posts. You are also required to disclose any gifts received by bloggers we need to be worried and concerned.
I personally do not get any gifts or do I promote products. That was just for the record.
Paid journalists will not have the same rules. They can get free books or movies before they write a review. This is an overreaching policy. Most of the blogs and the social network is simply friends talking to friends. This is beyond belief.
How do we protest a rule? Being worried does not change things. Watch the FTC closely.
Tim Lorenz
Instant MLS Listings & Free Market Analysis
"We have actually closed many short sales!"
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Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!
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