Keeping Tabs On Employee Social Media Discourse
Recently, the U.S. Securities and Exchange Commission concluded an investigation of Netflix and its CEO, Reed Hastings. The SEC’s investigation concerned Hastings’ use of his personal Facebook page to announce that Netflix had streamed 1 billion hours of content in June 2012.
Central to the SEC’s investigation was the following issue: whether Hastings’ post ran afoul of the SEC’s “full disclosure” requirement applicable to material, nonpublic information disseminated by...
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