Did Meta Sell Facebook Messenger Chats To Netflix? Social Media Giant Calls It 'Shockingly Untrue'
Portfolio Pulse from Rounak Jain
Meta Platforms Inc. (NASDAQ:META) has denied allegations of sharing Facebook Messenger chats with Netflix Inc. (NASDAQ:NFLX), stating the partnership only allowed users to share their Netflix viewing with Facebook friends directly from the Netflix app. The denial follows claims of a 'special relationship' that supposedly gave Netflix access to private messages for advertising purposes. Meta's stock rose 1.23% following the clarification.
April 03, 2024 | 9:08 am
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POSITIVE IMPACT
Meta Platforms Inc. denies sharing private messages with Netflix, clarifying the nature of their partnership. Stock rose 1.23% after the clarification.
The denial of the allegations and clarification of the partnership's nature could restore investor confidence in Meta's commitment to user privacy, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Netflix Inc. was mentioned in allegations of having a special relationship with Meta for data sharing, which Meta has denied.
While Netflix is involved in the controversy, the direct impact on its stock is less clear. The focus is on Meta's denial of the allegations, which might not significantly affect Netflix's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80