• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Netflix Reportedly Paid $100 Million to Access Facebook Users' Private Chats

user avatar

by Giorgi Kostiuk

2 years ago


A recent update suggests that Netflix paid a significant sum of $100 million to Facebook for the ability to read the private messages of its users. The information comes from a shared document by an individual named Deedy and was reported on Watcher Guru.

As per the document, Facebook granted Netflix access to users' private messages in exchange for insight into the streaming company's watch history. Additionally, Netflix reportedly paid over $100 million to Facebook for this privilege.

It is mentioned that there has been a long-standing relationship between Facebook and Netflix. In 2011, Netflix introduced Facebook integration to share user data worldwide, later lobbying the US Congress for the same.

In 2013, Netflix started engaging in several "Facebook Extended API" agreements, including the "Inbox API agreement," enabling the streaming platform to programmatically access user private messages on Facebook.

Moreover, in August 2013, Facebook provided Netflix access to the "Titan API," allowing the streaming company to reach friends on Facebook. The close partnership between the two companies spanned almost a decade, with Netflix's then-CEO Hastings playing a vital role.

Throughout this period, Netflix's advertising spending on Facebook increased significantly, with ad spends reaching around $150 million annually by early 2019.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Dogecoin Speculated to Join X's Payment Ecosystem Amid Price Challenges

chest

Speculation about Dogecoin's potential role in X's payment ecosystem has emerged, but its price remains around 0.09.

user avatarRajesh Kumar

Shiba Inu Achieves Major Burn Milestone Amidst Price Struggles

chest

Shiba Inu's network has achieved over 20,000 burn transactions, aiming to reduce its circulating supply. Despite this significant milestone, the price of Shiba Inu continues to trend downward.

user avatarMiguel Rodriguez

Ripple's Legal Battle with SEC Concludes, Opening Doors for XRP Investors

chest

Ripple's long-standing legal issues with the SEC have been resolved, leading to potential investment opportunities for XRP.

user avatarLuis Flores

XRP Faces Resistance at Critical Price Level

chest

XRP token struggles to break past the 140150 price level, experiencing significant dips in value.

user avatarArif Mukhtar

Vercel Faces Security Breach Linked to AI-Assisted Hacking Group

chest

Vercel has reported a significant security incident leading to the exposure of customer credentials, believed to be caused by a sophisticated AI-assisted hacking group.

user avatarDavid Robinson

Concerns Rise Over Security Risks in AI Tools Following Vercel Breach

chest

Concerns rise over security risks in AI tools following Vercel breach.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.