• 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.

Other news

SpaceX Acquires xAI to Tackle AI Power Challenges

chest

SpaceX has acquired xAI, merging rocket launch services with AI development to tackle the limitations of Earth-based infrastructure.

user avatarDiego Alvarez

Starlink Revenue Expected to Fund xAI's Operations After Merger

chest

Starlink revenue is expected to support xAI's operations after its acquisition by SpaceX.

user avatarKenji Takahashi

BlockDAG Launch Dashboard Set to Go Live on February 2

chest

BlockDAG will launch a new dashboard on February 2, providing users with a fully integrated system for managing their investments and preparing for exchange access.

user avatarMaria Fernandez

Referral Strategies Become Key to Success in ZKP Auction Stage 2

chest

Referral strategies are crucial for success in the ZKP presale auction Stage 2 as token availability tightens.

user avatarRajesh Kumar

Stage 2 of ZKP Presale Auction Heightens Competition with Scarcity

chest

Stage 2 of the ZKP presale auction reduces daily token allocation, intensifying competition and emphasizing referral strategies.

user avatarLuis Flores

SPX6900 and Brett Gain Traction in the Meme Coin Market

chest

SPX6900 and Brett are gaining traction in the meme coin market with increased trading activity and community support.

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.