Elon Musk Mocks Meta After Facebook, Instagram, Whatsapp Outage: 'Distracted Selling Their User's Data'
Portfolio Pulse from Benzinga Neuro
Elon Musk criticized Meta Platforms Inc. (META) following a recent outage of Facebook, Instagram, and WhatsApp, attributing it to the company's alleged distraction with selling user data. This incident comes amid allegations and court filings accusing Meta of sharing user data with Netflix (NFLX) and other privacy concerns. Meta has denied these allegations.
April 04, 2024 | 9:32 am
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Meta Platforms Inc. faces criticism from Elon Musk and allegations of selling user data, amid recent outages of its major platforms.
The recent outage and allegations against Meta Platforms Inc. could negatively impact investor sentiment and user trust, potentially affecting the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Netflix is implicated in allegations of a data-sharing agreement with Meta Platforms, allowing access to users' private messages.
The allegations involving Netflix in a data-sharing agreement with Meta could lead to negative public perception and potential regulatory scrutiny, impacting NFLX stock negatively in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70