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How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs

Gust

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. Before the commercial Internet, the primary tools of disclosure included: Prospectus and related registration statement (“S-1″) for an IPO.

SEC 158
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Probable and Improbable Lobbying Wins: The 1,000-stockholder Rule

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Without these two laws (or their equivalent), the social media revolution of the past decade would have been stillborn.

IPO 110