Johnny “Heisman” Manziel! Whoooop!
This will be interesting to watch.
In a Facebook posting on July 5, Hastings said that Netflix customers were viewing more than 1 billion hours of video content a month. Information that the company was approaching 1 billion hours had appeared on the company’s blog the month before. But in neither case did the company issue a formal press release or make a separate filing with the SEC disclosing the billion hour statistic.
The posting was widely reported and Netflix stock rose 13% the day of the posting.
On Thursday, Netflix disclosed in a new posting, an SEC filing and a news release that Hastings and the company received a Wells Notice from the SEC. The notice says the agency staff will recommend regulators institute a cease-and-desist proceeding and/or bring a civil injunctive action for violations of the agency’s fair disclosure rules.
With all of the new forms of communication, does a company have to rely on formal press releases and SEC filings or can other means be used to communicate with the public?
APPLETON, Wis., Dec. 7, 2012—/PRNewswire/—Two Wisconsin inventors have developed and successfully patented CrimeAware™, a product that provides real-time crime data on web-connected smartphones and GPS units.
Tom Trinko and Paul Hager with legal help from patent attorney Keith Baxter of Boyle Fredrickson, S.C., the largest intellectual property law firm in Wisconsin, who received the patent, believe there is a market for GPS units that have crime information available onboard.
“It’s a natural evolution of information and technology to combine incident-based crime data with portable navigation systems in an easy-to-read format for consumers, companies and even law enforcement use,” says Trinko, an entrepreneur with an International Executive MBA from IE Business School in Madrid, Spain and a bachelor’s degree in philosophy from UW-Eau Claire.
The idea for CrimeAware originated as Trinko and his wife drove their rented yellow Mustang convertible around Miami while on a vacation. “We turned into the wrong neighborhood as we tried to find our way to a Latin Music Awards show, and we both wondered why our GPS had sent us on a confusing route into a questionable part of town,” he says.