Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday December 06, 2012

SEC To Hit Netflix With Suit Over Facebook Posts?

This could be Reed Hastings' most costly Facebook post ever. wink

The Securities and Exchange Commission warned Netflix that it may take some civil action against the company and CEO Reed Hastings for disclosing a big streaming milestone -- 1 billion streamed hours in a month -- on Hastings' Facebook page instead of relating the news more formally.