Netflix probed over Facebook post

Press Association
Reed Hastings
Reed Hastings

Netflix is facing scrutiny from US government regulators for a Facebook post by its chief executive in July that may have boosted the online video company's stock price.

Neflix said that the Securities and Exchange Commission informed it that there has been a recommendation that civil action be brought against the company and it's chief executive Reed Hastings after Hastings posted on July 3 that Netflix's online video viewing "exceeded 1 billion hours for the first time ever in June".