Sebi catches social networking fever

The Securities and Exchange Board of India (Sebi) seems to have got attracted to the benefits of using social networks like Twitter and Facebook for spreading its message to investors. And, to snoop on discussions at these platforms as part of its investigation activities. The market watchdog is hiring specialist information technology specialists, whose role would include keeping track of such platforms for market-related information and discussions. It is also considering having an official presence on Twitter and other networks to strengthen its information dissemination process, a senior official said.