Reed Hastings, the CEO of Netflix, announced on his personal Facebook page that Netflix had reached a new benchmark, that of streaming 1 billion hours of its content in a one-month period. Later, the company made an official announcement about the 1 billion hours of streaming. The SEC opened an investigation into the disclosure. Why? What do you think the SEC did in the situation? Would it always be a problem to disclose company information on Facebook? [Release No. 69279, Investigation Pursuant to Section 21(a) of the Securities Exchange Act of 1934: Netflix, Inc., and Reed Hastings, https://www.sec.gov/litigation/investreport/34-69279.pdf]