http://techcrunch.com/2012/12/06/netflix-facebook-sec/
The SEC announces that it is invrstigating Netflix. Netflix's CEO published a message on Facebook mentionning his company has reached a billion of hours of video viewed by its users in June. This comment moved the stock price and according to the SEC, this message is in violation with Reg FD. Reg FD is a rule designed to provide equal access to material information among all investors.
So basically, the SEC is implying that this message send to 200,000 people is not "public infomration"...we will see how it turns out but it seems like there will be more an more issues between the rule of information publication and social networks...The financial regulators might need to adapt their rules to this new communications channels.
No comments:
Post a Comment