Publicly traded companies may be forced to reconsider their social media business practices or face penalties from the Securities and Exchange Commission. Netflix recently announced that it received a Wells Notice from the agency in connection with a social media post made by its CEO, Reed Hastings.
The offending post stated: Congrats to Ted Sarandos, and his amazing content licensing team. Netflix monthly viewing exceeded 1 billion hours for the first time ever in June. When House of Cards and Arrested Development debut, we’ll blow these records away. Keep going, Ted, we need even more!
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