US Securities and Exchange Commission has given approval to start-ups for using the social network – Twitter to drum up interest in future stocks and debt offerings, as per the media reports.

This helps the start-ups to get funds using social media. This is only for the firms raising less than $50 million per year.

The report adds, “While this probably won't be a make-or-break matter for many companies, it shows that the Securities and Exchange Commission (SEC) is aware that stuffy official filings will only get you so far in the internet era.”