A post on Facebook is being used to address a warning issued by the SEC to Netflix for a failure to disclose t info to the public.
However, Netflix’s CEO Reed Hastings disputes the warning by referring to a Facebook post. Reed claims the post he made to the 200,000 fans on the company’s page is a public disclosure. How many “likes” did he receive for his post?
Hastings disputes the allegation, saying that having 200,000 followings on Facebook made the Facebook disclosure public. He says the fact regarding the 1 billion hours of viewing not only wasn't material, but [that it] had already been disclosed on a public blog.