Netflix and Meta face a lawsuit alleging a 2017 pact to harm Facebook Watch, aiding Netflix's market dominance.

Netflix and Meta are facing a proposed class-action lawsuit in Illinois, alleging they entered into an anticompetitive agreement in 2017 to weaken Facebook Watch, a platform competing with Netflix. The suit claims Netflix CEO Reed Hastings urged Facebook CEO Mark Zuckerberg to shut down Facebook Watch, aiding Netflix's dominance in the streaming market. The lawsuit could cover all Netflix subscribers since 2017.

November 20, 2024
4 Articles