CEO’s Facebook post prompts action from SEC
Public companies take note, this story could relate to what you’re doing on social media.
This week, the SEC is taking aim at Netflix founder and CEO Reed Hastings, saying he violated public disclosure rules by posting to Facebook that users of the company’s video streaming service were watching nearly one billion hours of video per month.
Hastings published the post in July to his roughly 250,000 subscribers.
According to Mashable, “The SEC says it intends to either recommend a cease and desist proceeding or a civil injunction against Hastings and Netflix.”
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