Keeping Tabs On Employee Social Media Discourse

Law360, New York (May 2, 2013, 12:24 PM EDT) -- Public companies that choose not to review their social media policies may do so at their peril.

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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.