How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs
Gust
JANUARY 31, 2013
The first question is a fact-based analysis that involves reviewing Netflix’ public disclosures up until that time, determining the effects on revenue and earnings of the growth in hours streamed, etc. Compressing 80 years of history into a paragraph, securities regulation here is fundamentally a disclosure-based system.
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