Facebook Sold User Info To Netflix for $100 Million
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In this explosive clip of Market Mondays, hosts Rashad Bilal, Ian Dunlap, and Troy Millings dive into the allegations of a secret agreement between Netflix and Facebook. This controversial deal allegedly allowed Netflix to access private user conversations from Facebook's Messenger for a hefty sum. The hosts dissect the lawsuit details, how it prompted Facebook to axe its Watch feature, and the broader implications for data privacy and competition in tech.

They don't just stop there – the conversation gets heated as the trio discusses how the case is a stark reminder that in the digital age, personal data is oftentimes traded as a commodity. The sheer value of data is equated to the new oil, with comparisons drawn to TSA and companies like Clear collecting biometric data.

As the discussion shifts back to business, our hosts use the case to emphasize the power of strategic partnerships and advertising, highlighting how important it is for entrepreneurs to utilize data legally and ethically to boost their endeavors. They also provide a candid take on the media ecosystem, giving insights into how the situation might or might not impact the stock valuations for big tech companies like Meta (formerly Facebook) and streaming giant Netflix.

Through their banter, the hosts never lose focus on the important role privacy plays in the digital economy. They conclude by offering actionable insights into what this means for investors and businesses going forward.

Don't miss out on this engaging conversation that's as educational as it is entertaining. Tune into the full episode and make sure you're up to speed on how tech giants could be leveraging data behind the scenes.

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Market Mondays is the go-to source for all things stocks, business, and tech. Join Rashad Bilal, Ian Dunlap, and Troy Millings as they break down complex industry news into understandable and actionable insights. Equip yourself with knowledge straight from the experts and take control of your financial future today. Advertising Inquiries: https://redcircle.com/brands)Privacy & Opt-Out: https://redcircle.com/privacy)