Some people put up a Facebook status update about their cats’ latest hairball. Others use it as a medium to mock the Oakland Raiders’ hilariously inept attempts at locating a starting quarterback. Reed Hastings, of Netflix, used his Facebook account to announce that his company had streamed more than one billion hours worth of video in June 2012, reports the Washington Post.
Within a day, Netflix’s stock price shot up - by more than $11 in a single day, and the SEC shot Hastings down - launching an investigation over whether the Facebook post violated SEC rules regarding distribution of important company information.







