Google and Twitter: banning the spread of instant messaging initiatives obsolete

According to foreign media reports, Theflyonthewall.com regularly before the major banks on their website to publish a variety of research reports and press conference headlines, which caused a strong resentment of the banking sector.
In March this year, the United States District Attorney Kurt (Denise Cote) said that this approach of Theflyonthewall.com system in the presence of a serious problem, because the company quickly announced listed company rating downgrade or news practice, will make the stock market has been affected.
At the same time, the United States court practice was Google, Twitter and other companies dissatisfied. In a document submitted to the court of appeal on Monday, Google and Twitter pointed out that in an era of Internet and instant messaging, the practice of banning Theflyonthewall.com from instant messaging is outdated.
Google and Twitter in its material said: “ the news report has always been a complex ecosystem, in this environment, the so-called news is often dominated by influential news organizations, and other media, the news is more widely spread, which will undoubtedly enable ordinary people to benefit. ”
Google and Twitter also said that the court can not develop and implement certain rules to limit the spread of the existing news. The two companies said that the court should be aware of the so-called “ hot news ” misappropriation of the argument is not suitable for the current development trend of the media industry.