Do you rememberFacebook Watch?
For nearly a decade, Netflix and Facebook enjoyed a special relationship, said plaintiffs infilingsmade public on Saturday.
The filings detail Hastings uncomfortably close relationship with Metas upper management, including Zuckerberg andSheryl Sandberg.
Photo: Simon Dawson/Bloomberg (Getty Images)
A year later, the service attempted to license the popular 90s TV show Dawsons Creek.
In hindsight, I wish I added a materiality qualifier like not generally bidding on the same content.
These unsealed court filings stem from a class action antitrust case against Meta, firstspotted on Xby Jason Kint.
The sudden pivot meant Facebook was now dismantling the streaming business it had spent the last two years growing.
By early 2019, the ad spend increased to roughly $200 million a year.
Hastings left Facebooks board later in 2019.
Meta said its agreements and relationships with Netflix are commonplace in a statement to Gizmodo.
We are confident the facts will show this complaint is meritless, said a Meta spokesperson.
Tech companies shutter projects for all kinds of reasons.
News from the future, delivered to your present.
Get your finest dark clothing and all your creepy things, part one ofWednesdayseason two is dropping in August.
