April 3, 2024 5:08 AM | 2 minute read |
This 141-year-old retailer outperforms Amazon
Forget about big tech companies. This old stock is expanding rapidly while increasing its dividend. Believe it or not, the company has easily outperformed Amazon’s stock price by 117% since 2019. Read Benzinga’s latest insider-only report to set yourself up for future profits, income, and more with this stock.Get access for just $0.99.
Meta Platforms Co., Ltd. (NASDAQ:META) has refuted allegations that it shared users’ private messages. Netflix Inc. (NASDAQ:NFLX).
what happened: Head of Communications at a Social Media Giant; andy stonetook me to X,Previously twitterdeny the claim.
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He clarified that the agreement between Meta and Netflix only allows users to share what they watch on Netflix. Facebook Make friends directly from the Netflix app.
“Meta did not share people’s private messages with Netflix. This agreement allowed people to message their Facebook friends about what they were watching on Netflix directly from the Netflix app,” Stone said. said, adding that these agreements are “common” around the world. technology industry.
He called the allegations “shockingly false.”
Stone’s response was that there was a “special relationship” between Mehta and Netflix, and that Mehta gave Netflix access to all of his private messages on Facebook in exchange for advertising the streaming service on Facebook. This was a response to the suspicion.
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This was revealed in newly unsealed documents from the law firm Klein & Grabert alleging that Netflix and Meta had been sharing user data for nearly a decade.
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The driving force, according to the complaint, was advertising revenue.
why is it important: The denial comes in the wake of a lawsuit alleging that Meta, formerly known as Facebook, entered into a data-sharing agreement with Netflix that gave the streaming service access to users’ private messages.
In early March, a court rejected Meta’s efforts to delay an FTC reassessment of alleged privacy violations within its Facebook division.
The company has also been accused of stealing user traffic data from other platforms to gain a competitive advantage.
Price action: Meta stock closed 1.23% higher at $497.37 on Tuesday, according to Benzinga Pro.
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Disclaimer: This content was created in part with support from Benzinga Neuro, and reviewed and published by Benzinga editors.
Photo by Timothy Hales Bennett on Unsplash
This 141-year-old retailer outperforms Amazon
Forget about big tech companies. This old stock is expanding rapidly while increasing its dividend. Believe it or not, the company has easily outperformed Amazon’s stock price by 117% since 2019. Read Benzinga’s latest insider-only report to set yourself up for future profits, income, and more with this stock.Get access for just $0.99.
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