• 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

Zcash (ZEC) Surges Following Robinhood Listing

chest

Zcash (ZEC) has seen a significant price increase after being listed on Robinhood, becoming the second-best performing cryptocurrency among the top 100 by market cap.

user avatarLi Weicheng

Scaramucci on US Government Holding Bitcoin

chest

Scaramucci supports the US government holding Bitcoin in strategic reserves, emphasizing a need for a transformative approach that benefits taxpayers.

user avatarTenzin Dorje

Scaramucci Discusses Institutional Adoption of Bitcoin

chest

Scaramucci discusses the need for clearer regulations to facilitate institutional adoption of Bitcoin.

user avatarMohamed Farouk

James Check Challenges Quantum Bitcoin Sellside Fears

chest

On April 23, 2023, onchain analyst James Check published a report titled 'Selling Satoshis Stack', addressing concerns about the market impact of quantum-vulnerable Bitcoin. He argues that the potential sellside pressure is overstated and emphasizes the need for credible post-quantum solutions.

user avatarAisha Farooq

Anthony Scaramucci Predicts Bitcoin Recovery Timeline

chest

SkyBridge Capital founder Anthony Scaramucci predicts that Bitcoin may not see a meaningful recovery until October or November 2023, citing cyclical market conditions and ongoing selling pressure from whales.

user avatarBayarjavkhlan Ganbaatar

Analyst Claims Bitcoin Still Correlates with M2 Money Supply

chest

Crypto analyst KillaXBT argues that Bitcoin's price movements are still aligned with the M2 money supply despite recent deviations.

user avatarElias Mukuru

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.