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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