Infrax Systems Inc (IFXY)

[Cardio]

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Social Media: Netflix Begins Using Facebook as Channel & Infrax Announces Channel Use

Last week, I blogged about Netflix filing a Form 8-K to list five social media channels by which it may disseminate company information. I mused that the company might have done this as CYA - but I was wrong. As noted in this WSJ article, CEO Reed Hastings disclosed Thursday on his personal Facebook page that Netflix's customers had streamed more than four billion hours of video over the past three months - a post similar to the kind that got him in trouble with the SEC before the Section 21(a) report.

Meanwhile, Infrax filed this Form 8-K to list two social media channels of its own. As Dominic Jones tweeted: "There's something not quite right about a company with 1 tweet and 16 followers using Twitter for Reg FD." I am maintaining a list of 8-Ks filed by companies who announce they may disseminate information via social media in our "Social Media" Practice Area. And don't forget our upcoming webcast: "Social Media: Parsing the Hypos."

- Broc Romanek

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From: http://www.thecorporatecounsel.net/Blog/2013/04/