• 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

Step Finance and Sister Platforms Cease Operations Amid Market Struggles

chest

Step Finance and its sister platforms SolanaFloor and Remora Markets are ceasing operations due to a significant exploit resulting in a loss of approximately $40 million.

user avatarDavid Robinson

Indiana Advances Bitcoin Rights Bill to Integrate Crypto into Public Finance

chest

Indiana lawmakers have approved House Bill 1042, known as the Bitcoin Rights Bill, to integrate cryptocurrency into the state's public financial system.

user avatarAndrew Smith

Jane Street Faces Legal Scrutiny Over Crypto Market Disruptions

chest

Jane Street is facing legal scrutiny over allegations of insider trading and market manipulation in the crypto market, linked to a federal lawsuit filed on February 23, 2023.

user avatarJacob Williams

Ethereum Options Expiry Could Increase Short-Term Volatility

chest

Ethereum options expiry worth $893 million may introduce near-term volatility in the market.

user avatarZainab Kamara

ZachXBT Uncovers Insider Trading Allegations at Axiom Exchange

chest

Blockchain investigator ZachXBT uncovers allegations of insider trading and data abuse at Axiom Exchange involving employee Broox Bauer.

user avatarSon Min-ho

Morgan Stanley to Enhance Bitcoin and Crypto Services

chest

Morgan Stanley is set to enhance its Bitcoin and crypto services, including spot trading on ETRADE and plans for custody and lending services.

user avatarAyman Ben Youssef

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.