• 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

Massive Bitcoin Options Expiry Today

chest

A significant batch of Bitcoin options worth 34 billion is set to expire today at 8:00 AM UTC, potentially influencing market sentiment and price action.

user avatarMohamed Farouk

Ethereum Options Expiry Adds to Market Dynamics

chest

660 million in Ethereum options are set to expire today at 8:00 AM UTC, suggesting stronger bullish sentiment among Ethereum traders and potential increased volatility in the market.

user avatarElias Mukuru

Warnings Issued Over Fraudulent Cryptocurrency Promotions Using Trump's Name

chest

Numerous social media promotions misuse Trump's name, claiming children can receive financial rewards through unverified accounts, raising concerns about scams.

user avatarDiego Alvarez

Upcoming IPOs of Tech Giants Signal Market Transformation

chest

The upcoming IPOs of tech giants like Databricks and SpaceX are expected to transform market dynamics and influence investor interest.

user avatarMaria Fernandez

Historical Precedence of Major IPOs and Their Impact

chest

Analysis of the historical impact of major IPOs, particularly focusing on Facebook's IPO and its implications for tech companies and market dynamics.

user avatarKenji Takahashi

Signs of a Potential Reversal in Bitcoin, Ethereum, and Solana

chest

Signs of a potential high-timeframe reversal in Bitcoin, Ethereum, and Solana as they stabilize at key support levels.

user avatarGustavo Mendoza

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.