The US Securities and Exchange Commission has wrapped up an investigation into whether Netflix CEO Reed Hastings broke federal rules by announcing company metrics on Facebook — and it's decided Hastings' decision was mostly justifiable. In a release, the SEC said that companies could fairly disclose key data on Facebook, Twitter, or other social media sites, so long as investors are told beforehand where information could be posted. That comes a few months after it censured Hastings for using his personal Facebook account to announce a record month of streaming.
SEC rules are in place to make sure investors all get the same level of access to company performance details, and it's now decided social media posts can fit those...
via The Verge - All Posts http://www.theverge.com/2013/4/2/4175630/sec-clears-reed-hastings-netflix-to-share-investor-information-on-facebook
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