How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs
Gust
JANUARY 31, 2013
Last month, the SEC announced it was taking action regarding Netflix’ (NFLX) securities compliance based on a Facebook status update posted by CEO Reed Hastings. The move came as a shock to many in the tech business community, in which we’ve become accustomed to real-time disclosure by company executives through social media. What could be wrong with more transparency?
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