• 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

Fenwick West Settles for $54 Million Over FTX Allegations

chest

US law firm Fenwick West has agreed to pay $54 million to settle claims related to its legal services for the defunct crypto exchange FTX.

user avatarKenji Takahashi

The Legal Fallout from FTX's Collapse

chest

FTX collapsed in November 2022 due to mismanagement and fraud, leading to significant legal repercussions and the conviction of founder Sam Bankman-Fried.

user avatarDiego Alvarez

Potential ETF Inflows Could Boost XRP Price

chest

The CLARITY Act, pending a Senate vote, could lead to significant ETF inflows into XRP, estimated between 4 to 8 billion, potentially boosting its price.

user avatarMaria Fernandez

Ethereum Price Sees Major Reversal but Smart Money Remains Active

chest

Ethereum's price has reversed most of its gains from April, finding support just above $2,000, while smart money investors remain active in accumulating tokens despite market downturns.

user avatarGustavo Mendoza

Bitcoin Spot ETFs Face Record Withdrawals Amid Market Losses

chest

Bitcoin Spot ETFs faced significant net outflows totaling 126 billion last week, marking the heaviest withdrawals since January.

user avatarRajesh Kumar

Decline in XRP Whale Activity Signals Market Compression

chest

XRP whale activity has significantly decreased, indicating a potential market compression phase.

user avatarMiguel Rodriguez

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.