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More On The Undisclosed Netflix SEC Investigation

Tyler Durden's picture




 

Earlier today, we noted that according to Disclosure Insight, it appears that following a response to a FOIA request, the SEC has disclosed that the video streaming company may be involved in some form of regulatory investigation commenced at a point in time after November 10, 2010, which has not been previously disclosed by Netflix itself. Following a flurry of requests to demonstrate just what an SEC response looks like in a situation such as this, below we present the formal response from the SEC, which contrary to what most people think, is more than just a regional athletic conference and sometimes also pretends to regulate criminal activity and other types of fraud.

 

 

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Wed, 12/14/2011 - 19:16 | 1980945 prains
prains's picture

My screen is blank

Wed, 12/14/2011 - 19:18 | 1980948 Tyler Durden
Tyler Durden's picture

Are you streaming a movie?

Wed, 12/14/2011 - 19:29 | 1980955 prains
prains's picture

No it's the response from the SEC
/sarc for morts button on

Wed, 12/14/2011 - 19:34 | 1981003 TruthInSunshine
TruthInSunshine's picture

It's not like Netflix, being the non-proprietary, zero (or near zero) cost barrier to entry business, which doesn't own the infrastructure its very core service depends on (just like GRPN), is desperate, or anything:

Try Netflix FREE for 30 Days and get $15 in eBay Bucks
Wed, 12/14/2011 - 19:40 | 1981021 redpill
redpill's picture

It doesn't own the content, it doesn't own the infrastructure, and oh by the way they don't make TVs either.  At least at one time they made envelopes, but that business model is dying too.  In the end they are nothing more than a useless middleman that will be increasingly demonized for being a bandwidth hog (and rightfully so).  I don't see how they have any long term viability whatsoever.  Of course they are made to look slightly better by an even more pathetic Blockbuster desperately trying to get out of the 20th century.

 

Wed, 12/14/2011 - 19:43 | 1981031 TruthInSunshine
TruthInSunshine's picture

Speaking of which, Barton Biggs added a few juicy companies to his 'conviction buy' list today:

Charles Dickens Coal, PLLC

Royal Typewriter, Inc.

Zeuss Abacus Co.

Washington Generals Basketball Team

Wed, 12/14/2011 - 19:44 | 1981037 redpill
redpill's picture

Nice tip!  I expect we'll see them at the top of the holdings chart in the next Paulson & Co disclosure statement.

Wed, 12/14/2011 - 22:06 | 1981615 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Truth, funny post. Don't laugh about the coal. When oil runs out and all solar goes bankrupt, who do you think will keep the lights on in the US?

Wed, 12/14/2011 - 22:12 | 1981640 TruthInSunshine
TruthInSunshine's picture

No, I agree that coal is still literally the electricity generating carbon-based fuel of choice for much of the world, warts and all.

I just wanted to conjure up images of Dickens' A Tale of Two Cities and somehow relate it to B. Notorious 20mm AUM Smally Biggs.

Thu, 12/15/2011 - 00:14 | 1982072 AldousHuxley
AldousHuxley's picture

SEC to NETFLIX: "give us free streaming adult movies we can watch from work computers, or else"

Wed, 12/14/2011 - 20:01 | 1981094 dark pools of soros
dark pools of soros's picture

they do have a slick interface which shook the dinosaurs up to provide better ways of searchin and finding and staying organized.  They should of sold out on that sizzle before everyone caught up

 

now they will be pushed around a bit.  Their streaming app does well on a million different devices which is no small task either.  But their fort is being surrounded

 

 

Wed, 12/14/2011 - 21:17 | 1981457 HedgeAccordingly
HedgeAccordingly's picture

INSIDERS were dumping a YEAR AGO almost to the dot .. http://hedge.ly/gtww1K

Thu, 12/15/2011 - 07:46 | 1982523 jeff montanye
jeff montanye's picture

their forte as well.

Wed, 12/14/2011 - 21:55 | 1981579 Widowmaker
Widowmaker's picture

It says "undisclosed"

Wed, 12/14/2011 - 19:18 | 1980947 cossack55
cossack55's picture

Does Netflix provide porn?  That would be sure to draw SEC attention.

Wed, 12/14/2011 - 19:20 | 1980954 Don Birnam
Don Birnam's picture

Alas, the midget/tranny offerings are rather sparse and somewhat dated.

Wed, 12/14/2011 - 19:25 | 1980971 Schmuck Raker
Schmuck Raker's picture

Or so you hear?

; )

Wed, 12/14/2011 - 19:38 | 1981018 Don Birnam
Don Birnam's picture

Touché !

Wed, 12/14/2011 - 21:14 | 1981437 Raynja
Raynja's picture

No porn is what got the SEC's attention. What can they dig up to blackmail netflix into streaming porn.

Wed, 12/14/2011 - 19:19 | 1980952 HardwoodAg
HardwoodAg's picture

How come the boobies are all pastied over?

Wed, 12/14/2011 - 19:23 | 1980964 tekhneek
tekhneek's picture

Holy shit! Now we just need them to do their fucking jobs and this would actually matter.

"BREAKING: Netflix SEC investigation finally over. Everything's actually okay. We're just stupid fucking pieces of shit that ignore people who break rules if they pay us money. March, 2019"

Wed, 12/14/2011 - 19:29 | 1980988 Rynak
Rynak's picture

And this is why integer regulation actually matters (after all, if you want people to play according to a set of gamerules, no matter how simple they are.... you need some infrastructure (which doesn't need to be centrally controlled BTW) to take care of that.

Not that the SEC has anything at all to do with the above paragraph. Or at least, it has no track record so far of being related to the above (the popular midget tranny porn meme would actually be pseudo-good, if it were true... that way, they at least would be doing nothing, as opposed to helping making things worse).

Wed, 12/14/2011 - 19:30 | 1980993 tekhneek
tekhneek's picture

What?

Wed, 12/14/2011 - 19:34 | 1981006 Rynak
Rynak's picture

*sigh* dumbified down:

Some kind of regulation (no matter how it is implemented) would be useful.

But since currently, the regulators seem to be more concerned with doing the opposite of what is their job, it would be better if they didn't do anything.

Easier to understand?

Wed, 12/14/2011 - 19:44 | 1981038 tekhneek
tekhneek's picture

*sigh* If you didn't monkey fuck your sentences I wouldn't have asked "what?" in the first place... but yes that makes sense.

Thanks and I disagree with you and your piece of shit attitude.

Quis custodiet ipsos custodes?
Thu, 12/15/2011 - 00:50 | 1982141 Rynak
Rynak's picture

Dito, "piece of shit"-attitude.

Until your above post, i honestly respected you.

Thu, 12/15/2011 - 00:53 | 1982164 tekhneek
tekhneek's picture

Aw c'mon, you said 'dumbified' that's pretty ridiculous. If you can explain it I can understand it, if you can't, I don't want to hear it. I was actually asking for you to elaborate and be more specific. I didn't say "what?" to taunt you. Either way I still disagree and (for now) disagreeing's still allowed by the congress so we're cool... (for now)

You still respect me and I you. You're on here, aren't you (here = ZH)?

The internet/text messages only just have a fucked up way of conveying tone. That's all. Don't sweat the little stuff.

Cheers mate.

Thu, 12/15/2011 - 02:05 | 1982278 Rynak
Rynak's picture

Well, i'm not that hot on "diplomacy", and actually am pretty bad at it. But i guess i for whatever reason espect a tiny part of it - and your response was pretty far from that.

But since you asked for more detail, here's how i see it.

In theoretical utopia:

ANY kind of economic system - doesn't even matter what style of it, depends at least on a small set of gamerules.

Those gamerules do not neccessarily need to be judged by a centralized institution, or even a gov.... but without those gamerules, you simply get an *arbitary* economy, which is to say: it may at any time turn out to be anything - including what you have today...... there simply in this case is no guideline at all about how economy is suppused to work like.

So, regulation - even if it works entirely different (possibly so different, that people here wouldn't recognize it as regulation anymore) can be benefical.

But since the mechanism that deals with regulation has a lot of power, it can just as well be abused to achieve..... at worst, to biggest enemy of what that regulation was supposed to achive. That especially is probable to happen in the current system.

And my response to that was: Given the current shit that regulators do, it may be better if they just watch tranny porn - it may not result in a "desirable" economy, but it would be "less bad" that what we have now.

Wed, 12/14/2011 - 19:45 | 1981042 HelluvaEngineer
HelluvaEngineer's picture

No.  Sincerely, Fuck You

Wed, 12/14/2011 - 19:32 | 1980991 I Got Worms
I Got Worms's picture

Cripes! Will I still get "The Change-Up" in time for the weekend??

Wed, 12/14/2011 - 19:40 | 1981028 Stagflationary
Stagflationary's picture

SEC perplexed by company buying own stock at over $200 then immediately selling own stock at $70, assumes fraud, discounts sheer stupidity.

Wed, 12/14/2011 - 19:46 | 1981047 Eireann go Brach
Eireann go Brach's picture

CNBC today announced that the Netfliz CEO is the front runner for their worst CEO of the year award! The winner gets to go to dinner with Steve Liesman and that Australian cunt so they can coach you on how to be a great CEO, but then Becky Quick blows you at the end of the night to make you feel better, so it ain't all that bad!

Wed, 12/14/2011 - 19:51 | 1981067 HelluvaEngineer
HelluvaEngineer's picture

Don't know.  Her funky grill might scrape my dick.  But...I'm willing to take that chance.

Wed, 12/14/2011 - 19:50 | 1981058 navy62802
navy62802's picture

Isn't it ironic that the name of the FOIA branch chief is blacked out in this document??

Wed, 12/14/2011 - 20:02 | 1981101 you enjoy myself
you enjoy myself's picture

can we get AZO on this radar too?  they keep taking on more and more debt to conduct buybacks at an unjustfiably inflated price, all so the insiders can dump their personal holdings into the bid. 

Wed, 12/14/2011 - 22:35 | 1981745 txsilverbug
txsilverbug's picture

Loading...

Wed, 12/14/2011 - 22:53 | 1981817 non_anon
non_anon's picture

dear Netflix, please upgrade my account

Wed, 12/14/2011 - 23:57 | 1982031 williambanzai7
williambanzai7's picture

REGULATORY RAPTURE

Thu, 12/15/2011 - 00:55 | 1982167 walküre
walküre's picture

Can't help but notice that Robotrader is noticeably absent these past few days.

He was a huge fan of NFLX. I suggested earlier that Robo might be in a witness protection program to testify on MOMO trades in NFLX.

Thu, 12/15/2011 - 01:21 | 1982205 TruthInSunshine
TruthInSunshine's picture

RoboTard went Section 8, jerkin' off 27 times a day to NFLX porn (which he got free, as a month trial period, plus $15 in ebay bucks - great business model, NFLX /sarc/).

Sun, 12/18/2011 - 20:54 | 1992508 yxj55
yxj55's picture

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