Netflix

IR And Social Media: The Flood Gates Open To Little More Than A Trickle

by Richard S. Levick | LEVICK on 5/16/2013

Back in April, The U.S. Securities and Exchange Commission gave rise to the next major evolution in investor relations when it OK’d the disclosure of material information via Twitter, Facebook, and other social media...more

8-K’s Announcing Reg FD Social Media Channels Begin; NYSE Weighs In

by Jill Radloff | Leonard, Street and Deinard - Dodd-Frank and... on 4/19/2013

The SEC opened the barn doors on use of social media, or merely reaffirmed existing guidance, depending on your point of view, in a recent Section 21(a) report....more

SEC Greenlights Use of Social Media for Publicly Disclosing Company Information

by Fernando Bohorquez, Jr., Jonathan Nowakowski | BakerHostetler on 4/19/2013

Recognizing the reality that many investors likely get more information from Facebook and Twitter than a corporate 10-K and that most public companies have a robust social media presence, the U.S. Securities and Exchange...more

SEC Issues Guidance on the Use of Social Media to Disclose Company Information

by Holland & Knight LLP on 4/18/2013

On April 2, 2013, the SEC provided guidance on the use of social media to disclose company information in a Report of Investigation under Section 21(a). The investigation concerned Netflix's chief executive officer (CEO)...more

Is The Medium The Message? Netflix's Decision To Post Material Information On Social Media Channels

by Catherine M. Foti | Morvillo Abramowitz Grand Iason & Anello P.C.... on 4/17/2013

The news is out! There’s a buzz in the blogosphere. It’s trending on Twitter. The Securities and Exchange Commission has authorized the use of social media channels for the disclosure of material, non-public information. In a...more

SEC Report Opens Door to Use of Social Media

by Amy Batten, Gerald Roach, Margaret Rosenfeld | Smith, Anderson, Blount, Dorsett, Mitchell &... on 4/16/2013

On April 2, 2013, the U.S. Securities and Exchange Commission (the “SEC”) issued a Report of Investigation (the “Social Media Report”) clarifying that a company subject to Regulation Fair Disclosure (“Regulation FD”) may use...more

Be Careful What You Wish For: SEC Permits Company Disclosures Via Social Media If Regulation FD Requirements Are Met

by Meredith Francis | Womble Carlyle Sandridge & Rice, PLLC on 4/16/2013

Last week, the Securities and Exchange Commission issued a report clarifying that companies can use social media channels, such as Facebook and Twitter, to disseminate material nonpublic company information under Regulation...more

Lessons from Netflix on the Use of Social Media for Informal Disclosure

by Bonnie J Roe | Cohen & Gresser LLP on 4/12/2013

On April 2, 2013 the Securities and Exchange Commission (SEC) issued a report (the Netflix Report) announcing that it would not pursue enforcement action against Netflix, Inc. and its Chief Executive Officer, Reed Hastings,...more

Does the SEC Like Social Media? Understanding the Application of Regulation FD to Social Media

by Nancy Grunberg, Treazure Johnson, George Kostolampros, Parker B. Morrill, Eric R. Smith, Thomas Washburne | Venable LLP on 4/12/2013

The SEC seldom releases an investigation report under Rule 21(a) of the Exchange Act, but when it does, the information is usually important for all public companies. Last week, the SEC issued an investigation report to...more

Netflix SEC Investigation Report Clarifies the Use of Social Media and Regulation FD

by Colin Diamond, Gary Kashar, Joshua Kiernan, Michelle Rutta, John Vetterli | White & Case LLP on 4/11/2013

Regulation FD - Regulation FD prohibits US public companies or persons acting on their behalf from selectively disclosing material, nonpublic information to securities professionals or investors when it is reasonably...more

SEC ‘Likes’ Public Company Disclosures on Facebook and Other Social Media

by Jeff Ifrah on 4/11/2013

Last December, we wrote about the U. S. Securities and Exchange Commission’s issuance of so-called “Wells” notices indicating that the agency was considering whether to bring enforcement proceedings against Netflix and its...more

Using Social Media to Disclose Corporate Facts?

by J. Quinn | Dinsmore & Shohl LLP on 4/11/2013

On April 2, 2013, the Securities & Exchange Commission issued a Report of Investigation clarifying that a public company may use social media outlets such as Facebook and Twitter to disseminate material information to...more

Safe Tweeting: SEC Provides Guidance on Social Media and Regulation FD Compliance

by Theresa Lee, Brian Wong | Pillsbury Winthrop Shaw Pittman LLP on 4/11/2013

The SEC has provided guidance to publicly reporting companies on how to use popular social networking sites, such as Facebook and Twitter, consistent with federal securities laws. On April 2, 2013, the Securities and...more

Social Media For The CEO: Lessons Learned From The Netflix/SEC Tussle And Reg FD

by Travis Crabtree | Looper Reed & McGraw, P.C. on 4/10/2013

Yes, you can use social media to make material public disclosures. The SEC did not punish Netflix CEO Reed Hastings. The reality is, however, the SEC gave a warning to executives: we are not going to do anything this time...more

The SEC Provides Guidance on the Use of Social Media for Public Company Disclosure

by Julie Allen, Peter Castellon, Peter Fass, Frank Zarb | Proskauer Rose LLP on 4/10/2013

On April 2, 2013, the Securities and Exchange Commission issued a "report of investigation" that provides important guidance for companies that wish to use social media outlets, such as Facebook and Twitter, to publicly...more

SEC Addresses Use of Social Media for Public Company Disclosures

by C. Kent Carlson, Kristy Harlan | K&L Gates LLP on 4/10/2013

On April 2, 2013, the Securities and Exchange Commission issued a Report of Investigation that directly addresses the application of Regulation FD to disclosures made through social media channels such as Facebook and...more

SEC Provides Guidance Regarding Social Media and Regulation Fair Disclosure (Regulation FD)

by Andrew Halbert, Mark Wood | Katten Muchin Rosenman LLP on 4/9/2013

On April 2, in connection with an investigation of Netflix, Inc. and its Chief Executive Officer, Reed Hastings, regarding a possible violation of Regulation FD, the Securities and Exchange Commission released a Report of...more

SEC Approves Communications Via Social Media

by Kathryn L. Ossian | Miller Canfield on 4/9/2013

The Securities and Exchange Commission (“SEC”) has taken a new position that publicly traded companies may use social media to communicate information to investors, so long as investors are first advised of the communication...more

A Brief Primer for Corporate Social Media Disclosures in Light of the SEC’s Recent Guidance on Regulation FD

by Bradley Bondi, Douglas Fischer, Brett Sisto, Christopher Tierney, Karen Woody | Cadwalader, Wickersham & Taft LLP on 4/9/2013

The Securities and Exchange Commission ("Commission" or "SEC") recently stepped into the social media age with its April 2, 2013 Report of Investigation pursuant to 21(a) of the Securities Exchange Act of 1934 concerning a...more

SEC Decides That Companies May Use Social Media

by Dean Hanley | Foley Hoag LLP on 4/8/2013

The Netflix Investigation - On July 3, 2012, the CEO of Netflix, Reed Hastings, used his personal Facebook page to announce that Netflix had streamed 1 billion hours of content in the month of June. As the Securities...more

SEC's Netflix Report Confirms Ability to Use Social Media for Reg. FD Disclosures but Cites Risks

by Mark Plichta, Patrick Quick, Kenneth B. Winer | Foley & Lardner LLP on 4/8/2013

In connection with a Facebook post by Netflix CEO Reed Hastings, the SEC issued a report of investigation on April 2, 2013 (Netflix Report) indicating that Regulation FD permits a company to announce material information...more

SEC Provides Guidance on the Use of Social Media to Disseminate Investor Information

by Ropes & Gray LLP on 4/8/2013

On April 2, 2013, the Securities and Exchange Commission issued a report clarifying existing guidance to confirm that public companies may use social media outlets, such as Facebook and Twitter, to announce key information in...more

From Facebook to FD: SEC Releases Guidance on Use of Social Media

by Bruce Cheatham, Elizabeth Day, Rebecca Morley | Bracewell & Giuliani LLP on 4/8/2013

On April 2, 2013, the Division of Enforcement of the U.S. Securities and Exchange Commission released guidance on the use of social media to disseminate material, nonpublic information under Regulation FD (Fair Disclosure)....more

Social Media Use By Public Companies – The SEC Weighs In

by Robert Friedel, Andrew Kupchik | Pepper Hamilton LLP on 4/5/2013

The increasing presence of social media has created new avenues for companies to market to and connect with consumers, customers and investors. Many heads of industry maintain very public profiles, appearing regularly on...more

SEC Publishes Report on Reg. FD and Social Media – Joy, Vexation Follow

by David Smyth | Brooks Pierce on 4/5/2013

You probably remember a dustup from a few months ago when the SEC threatened to sue Netflix for violations of Regulation FD. Basically, the rule says that when a public company gives material nonpublic information to anyone,...more

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