Articles Posted in social media disclosure


The United States Securities and Exchange Commission (SEC) warned against selectively using social media to disclose information. This was  in response to a post by Reed Hastings, CEO of Los Gatos, Calif.-based Netflix Inc., on his personal Facebook page making the first announcement that Netflix’s monthly online viewing had exceeded 1 billion hours. The SEC took no action saying it recognized there had been uncertainty about the use of social media to disclose corporate information and said it is allowed so long as investors have been alerted about which social media will be used to disseminate such information. Continue reading