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(CNN)   SEC apparently has nothing better to do, begins probe of Netflix over Facebook posts   ( money.cnn.com) divider line
17
    More: Asinine, Securities and Exchange Commission, Netflix, Facebook  
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5063 clicks; posted to Main » on 07 Dec 2012 at 12:11 PM (5 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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maxximillian
2012-12-07 12:15:24 PM  
2 votes:
Anytime the CEO says something that's not an official report and the stock jumps I'd at least want someone to make sure its on the up and up. The posting was widely reported and Netflix stock rose 13% the day of the posting.
ha-ha-guy
2012-12-07 12:12:26 PM  
2 votes:
Yeah the Nextflix CEO can be a dumbass sometimes, but come on guys, go get the banks.
Happy Hours
2012-12-07 04:01:28 PM  
1 vote:

Netrngr: Chip,
Not to be picky but a) Texas and Oklahoma are in the Big 12 not the SEC and b) Damn it you didn't post a Carolina Girl.... Allow me

[www.athlonsports.com image 250x340]


I was wondering what all the pictures were doing in this thread - not that I'm complaining, but Jesus H. Christ on a stick it's a sad thing when people see a news article about a publicly traded company and the SEC and they immediately think college football.
dustygrimp
2012-12-07 02:32:21 PM  
1 vote:

foxyshadis: wee beastie: Silverstaff: So, the SEC wants copies of all Facebook posts released as formal press releases?

Sounds like a 20th century law colliding with 21st century technology.

No, the SEC doesn't want company representatives making financially material statements over facebook, twitter, youtube or whatever. They want a press release that goes accross the newswires.

I'm a stock analyst with a reputable bank. Our bank has webfilters. I cannot view fb, twitter, youtube, etc. because they are blocked. This means it was selective disclosure, that not everyone could readily see or verify. That is why it is illegal.

However, they can also just upload a press release on their website and call it a day, which is significantly more selective; overall the audience of the post was likely much wider than their website. From now on, they'll probably just upload the same statement to FB and their website at once.


You don't have to authenticate to get it off the NetFlix site. Therefore, more public. More eyes may be on it on FB, but it is not actually public.
BlueFalconPunch
2012-12-07 01:31:26 PM  
1 vote:

JesseL: wee beastie: Silverstaff: So, the SEC wants copies of all Facebook posts released as formal press releases?

Sounds like a 20th century law colliding with 21st century technology.

No, the SEC doesn't want company representatives making financially material statements over facebook, twitter, youtube or whatever. They want a press release that goes accross the newswires.

I'm a stock analyst with a reputable bank. Our bank has webfilters. I cannot view fb, twitter, youtube, etc. because they are blocked. This means it was selective disclosure, that not everyone could readily see or verify. That is why it is illegal.

1. It wasn't really financially material.
2. Just because your employer denies you access to certain channels of information, that doesn't make them any less public.


1. You're flat wrong on that point. Online businesses (and investors) track revenue and revenue growth through seemingly odd statistics. Cost-per-click is a huge indicator in the strength of an online search engines advertising strength/effectiveness. Viewership hours is just as pertinent to Netflix.

2. Debateable, though I would tend to agree with you.
JesseL
2012-12-07 01:07:39 PM  
1 vote:

wee beastie: Silverstaff: So, the SEC wants copies of all Facebook posts released as formal press releases?

Sounds like a 20th century law colliding with 21st century technology.

No, the SEC doesn't want company representatives making financially material statements over facebook, twitter, youtube or whatever. They want a press release that goes accross the newswires.

I'm a stock analyst with a reputable bank. Our bank has webfilters. I cannot view fb, twitter, youtube, etc. because they are blocked. This means it was selective disclosure, that not everyone could readily see or verify. That is why it is illegal.


1. It wasn't really financially material.
2. Just because your employer denies you access to certain channels of information, that doesn't make them any less public.
ChipNASA
2012-12-07 12:33:50 PM  
1 vote:
i1.hoopchina.com.cnView Full Size
ChipNASA
2012-12-07 12:31:03 PM  
1 vote:
i124.photobucket.comView Full Size
ChipNASA
2012-12-07 12:27:50 PM  
1 vote:
sphotos-a.xx.fbcdn.netView Full Size
Animatronik [TotalFark]
2012-12-07 12:27:18 PM  
1 vote:

ha-ha-guy: Yeah the Nextflix CEO can be a dumbass sometimes, but come on guys, go get the banks.


So you want more and more regulation, but directly selectively at companies you like the least.

Maybe the government can charge them a fee to look the other way.

/oh wait, that would make us a third world country. Well, why not, our fiscal policy of norrowing more than a trilliin a year is taking us there anyway.
ChipNASA
2012-12-07 12:26:44 PM  
1 vote:
fanzorate.comView Full Size
ChipNASA
2012-12-07 12:23:58 PM  
1 vote:
thechive.files.wordpress.comView Full Size
drayno76 [TotalFark] [BareFark]
2012-12-07 12:22:59 PM  
1 vote:
I account for about 400 of those hours. The 2 year old watches Diego and Dora incessantly and I go to sleep to Mythbusters pretty much every night. Since their TV series will load the next episode it will run all night while I snooze. These statistics mean nothing more than people, like me, are running multiple 'viewing devices' (Wii/X-Box/Compter) in their house. SEC stop wasting our tax money on nothing.
ChipNASA
2012-12-07 12:21:00 PM  
1 vote:
3.bp.blogspot.comView Full Size
ChipNASA
2012-12-07 12:20:09 PM  
1 vote:
Please excuse me while I threadjack ya' all.

takeyourskirtofftombrady.comView Full Size
The Dog Ate My Homework
2012-12-07 12:14:47 PM  
1 vote:
Why is this asinine?
Kyosuke
2012-12-07 12:14:01 PM  
1 vote:
This is exactly what the SEC is supposed to do.

Someone needs to write a 140 character forward-looking statement disclaimer.
 
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