• 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

Extreme Fear in Crypto Market May Signal Upcoming Recovery

chest

Extreme fear in the crypto market may signal an upcoming recovery as intense pessimism among retail investors often precedes market rebounds.

user avatarTando Nkube

Recent Bitcoin Shark Accumulation Explained as Internal Reshuffling

chest

A senior researcher at Glassnode explains that the recent increase in Bitcoin shark supply is likely due to internal reshuffling among large custodial entities rather than genuine accumulation.

user avatarKofi Adjeman

Crypto Sentiment Plummets to Fear Levels

chest

Crypto sentiment has dropped to fear levels again, with the Fear & Greed Index at 16, indicating extreme fear.

user avatarNguyen Van Long

Czech National Bank Launches Bitcoin Custody Pilot

chest

The Czech National Bank has initiated a 1 million operational sandbox to test Bitcoin custody and key management.

user avatarSatoshi Nakamura

Experts Predict Further Exchange Expansions for CROSS

chest

Experts predict potential for further exchange expansions for CROSS following its successful listing on Bitget.

user avatarLucas Weissmann

Gamestarter and Ava Labs Launch CROSS Blockchain for Gaming

chest

Gamestarter and Ava Labs launched CROSS, a Layer 1 blockchain for gaming on the Avalanche network, to simplify Web3 game launches and enhance global liquidity.

user avatarJesper Sørensen

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.