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Netflix CEO fights for the right to post company milestones on Facebook

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Corey Apprentice

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Netflix CEO Facebook Controversy
It may not seem like the most pressing matter in an era of massive financial scandals, but the Securities and Exchange Commission has decided to go after Netflix (NFLX) CEO Reed Hastings for posting information about Netflix company milestones on his Facebook (FB) page. According to Bloomberg, the SEC believes that Hastings' Facebook post, which announced that Netflix users had watched more than 1 billion hours of content over the company's streaming service, may have violated regulations requiring that such information must be disclosed "through a press release on a widely disseminated news or wire service, or by 'any other non-exclusionary method' that provides broad public access." 

 

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