Report: Financial firms flock to Facebook

10/14/2010 | TheStreet.com

Asset managers are starting to embrace social media, according to a Corporate Insight report, with even conservative companies experimenting with Facebook, Twitter, LinkedIn and other platforms. At least 45% of firms are using social media in some capacity, the report found, up from just 13% of mutual funds and 17% of annuity issuers in 2008.

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