Comment on Netflix's Win Over SEC Will Test Investors And Social Media

Netflix's Win Over SEC Will Test Investors And Social Media

It's easy to mock the Securities and Exchange Commission for its clueless attempt to create a disclosure-violation case out of a very mundane Facebook posting last year by Netflix chief executive Reed Hastings. This week, the SEC finally said, in effect, "Never mind" -- evoking titters from beat reporters at Forbes, The New York Times and tech-focused organizations such as VentureBeat.

 

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