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Securities Law, Social Media, and Disclosure Risks


March 1, 2013


Roland Hung

On July 3, 2012, the chief executive officer of Netflix Inc., Reed Hastings, did what many of us frequently do: He updated his Facebook account. However, he updated his account with a post stating that Netflix viewing "exceeded 1 billion hours" in the month of June 2012. This post was viewable by more than 200,000 Facebook users. Netflix Inc.’s shares rose 6.2 percent that day, the largest single-day gain in approximately six weeks. →Read more

This article was reproduced with permission of the publisher from World Securities Law Report Vol. 19, No. 3, March 2013.


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