WEBVTT - Facebook Sold User Info To Netflix for $100 Million

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<v Speaker 1>Earners. What's up.

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<v Speaker 2>by P and C Bank, a lot of people think

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<v Speaker 2>podcasts about work are boring, and sure, they definitely can be,

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<v Speaker 2>P and C Bank National Association Member FDIC.

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<v Speaker 3>Netflix and Facebook are facing a lawsuit that reveals an

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<v Speaker 3>agreement between the two companies which allegedly work permitted me

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<v Speaker 3>permitted Netflix to access Facebook's users private message message. So

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<v Speaker 3>what they're saying is that Netflix paid was it? Was

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<v Speaker 3>it one hundred million dollars million? Yeah, one hundred million.

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<v Speaker 4>Dollars for Facebook private messenger.

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<v Speaker 1>Well, there's more to the lawsuit this.

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<v Speaker 2>So inside this one hundred million, they're saying that Facebook

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<v Speaker 2>canceled Facebook Watch to keep Netflix, one of its top advertisers,

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<v Speaker 2>to continue to put into ads on Facebook so we're

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<v Speaker 2>gonna kill Facebook Watch. We're gonna let you keep your ads.

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<v Speaker 2>So the Netflix series and films, we're gonna keep that

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<v Speaker 2>going because we need the money, and we're.

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<v Speaker 1>Going to cancel out all the competition.

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<v Speaker 2>So you don't need to go to Snapchat, you don't

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<v Speaker 2>need to go to any other social media.

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<v Speaker 1>Come right here. I know we were doing this face

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<v Speaker 1>was what we can We'll put that to the side,

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<v Speaker 1>and nobody was watching it.

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<v Speaker 2>We're not watching on it anyway. Yeah, well was red

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<v Speaker 2>table part of that with people watching.

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<v Speaker 1>It probably got caught up in that sweep.

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<v Speaker 2>Yo, we're out of here. You're done. Yeah, Now we're

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<v Speaker 2>just gonna the money. We're not making money here, but

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<v Speaker 2>we do make money from having your shows advertised.

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<v Speaker 1>So we'll take that money. That's all part of the lawsuit.

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<v Speaker 5>The good old days when the geo targeting and tracking

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<v Speaker 5>on Facebook was amazing. If you were advertising sh after

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<v Speaker 5>I got Dave, like, the targeting you can do back

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<v Speaker 5>in those days were amazing. When I saw the price tag,

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<v Speaker 5>my first thought was like, that's a lot to find

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<v Speaker 5>out who your girl was.

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<v Speaker 1>DMN like I can see Zacker.

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<v Speaker 5>Bray be like yeah, I'll show you the messages I

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<v Speaker 5>need to hundred million now and I'll shut down Facebook

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<v Speaker 5>Watch for you.

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<v Speaker 1>But my real thought, I've been saying it for three

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<v Speaker 1>or four years. All these data breaches are revenue driving events.

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<v Speaker 5>Wait at and t stockers and shambles, wait till the

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<v Speaker 5>truth comes out about them. All this data keeps getting

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<v Speaker 5>breached every two or three weeks. No one called try

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<v Speaker 5>to say, come patch this up for us. Or if

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<v Speaker 5>I've ninety six million records and I sell them to

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<v Speaker 5>you at two dollars a pop, maybe we can work

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<v Speaker 5>out a deal to you know, get some money on

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<v Speaker 5>the book. So I'm not surprised about this at all.

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<v Speaker 5>It actually was a good deal for Netflix and Meta

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<v Speaker 5>at the time, and I don't think anyone cares anyway.

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<v Speaker 3>So well, one of these things, anything that's free of

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<v Speaker 3>the product, absolutely and data is the most valuable commodity

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<v Speaker 3>in the world new oil, right, And it's one of

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<v Speaker 3>these things where it happens in everything, right, anything that

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<v Speaker 3>you're signing up for, you can probably believe that somehow

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<v Speaker 3>it's getting traded TSA. You think they're just taking your

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<v Speaker 3>fingerprints and your eyeball scans for the hell.

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<v Speaker 1>Of a clear do that clear update, I said, who

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<v Speaker 1>are selling this to?

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<v Speaker 5>No?

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<v Speaker 1>That was crazy?

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<v Speaker 3>The new I DJO for real, They're gonna start taking

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<v Speaker 3>DNA swabs they have.

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<v Speaker 4>They have your retina. They have your retina right so.

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<v Speaker 5>And your girlfriend is right now if you put on

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<v Speaker 5>your clear pass, your new eyelashes, all of this information,

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<v Speaker 5>all this information is being sold.

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<v Speaker 1>Ye.

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<v Speaker 3>But as an entrepreneur, you should think like, Okay, how

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<v Speaker 3>do I partner with somebody that maybe I can maybe

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<v Speaker 3>I can pay for that their data, right, Like you

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<v Speaker 3>might might idea you might be want to come up and.

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<v Speaker 4>Let's say I don't know Dave Shans, right, so.

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<v Speaker 3>He has one hundred thousand people in his email list,

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<v Speaker 3>and you're an up and coming entrepreneur, maybe you approach

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<v Speaker 3>Dave Shans and say, hey, can I get your data?

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<v Speaker 4>Can I get an email blast?

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<v Speaker 1>Yep?

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<v Speaker 3>So you have to see what's being done on the

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<v Speaker 3>highest level possible and see how you can you can

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<v Speaker 3>utilize it.

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<v Speaker 1>Yeah.

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<v Speaker 3>And the thing about it is that email blasts and

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<v Speaker 3>stuff like that that's legal. What they were doing wouldn't be

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<v Speaker 3>legal because they were actually taking what was supposed to

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<v Speaker 3>be private conversations. That's why if this wasn't like you're

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<v Speaker 3>showing somebody's private conversation, right, that's not ethical and that's

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<v Speaker 3>not legal, so you shouldn't. You shouldn't do that. But

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<v Speaker 3>as far as like data, anytime somebody gives data, right,

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<v Speaker 3>they're in a.

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<v Speaker 2>Pool unless it's not legal, and they like in the

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<v Speaker 2>fine print they said that, yeah, in the services and agreements,

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<v Speaker 2>you have to have that service and agreements, which I

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<v Speaker 2>don't know if anyone reads.

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<v Speaker 1>I shouldn't say no one reads.

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<v Speaker 2>Maybe somebody does, but if it's not there, you don't

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<v Speaker 2>have the service, and then that becomes illegal.

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<v Speaker 3>The third party search. But it's pretty standard. Everybody has

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<v Speaker 3>that now. It's pretty standard, like everybody has the service

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<v Speaker 3>and agreements that this data would be used, like you know,

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<v Speaker 3>you sign it and oh.

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<v Speaker 1>You see the Spotify one. I see they got to

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<v Speaker 1>no one. I've just seen that. They read the practice

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<v Speaker 1>the shot to Daniel verse that really got the head

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<v Speaker 1>in his pockets.

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<v Speaker 5>So if you are an audible author or like a

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<v Speaker 5>book author, they can take any characters, any storylines from

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<v Speaker 5>your books and make derivative works off of them and

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<v Speaker 5>turn them into movies and not pay you a die. Podcasts,

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<v Speaker 5>y'all in trouble. Y'all thought Adam twenty two broke the internet?

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<v Speaker 5>Wait til you upload what was that Adam twenty two?

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<v Speaker 1>I've been telling you all for one year for it.

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<v Speaker 1>Though he did a male scene fifty he won't be up.

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<v Speaker 3>I'm glad you may said, y'all glad you're sucker. I heard,

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<v Speaker 3>I heard, I heard that slitch you talking. You don't

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<v Speaker 3>even show your own face on camera. You're a sucker,

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<v Speaker 3>and I like it.

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<v Speaker 5>But you haven't made more money people, more people money

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<v Speaker 5>from the market than me.

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<v Speaker 1>You have some record say that hate is a strong

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<v Speaker 1>wordy man.

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<v Speaker 5>Ever since she had to drop that camera, he the

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<v Speaker 5>black hate then came out strong in this year.

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<v Speaker 3>You're a strong word, bro. And that's the and that's

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<v Speaker 3>the sad thing about it, right, Like who wants to

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<v Speaker 3>does anybody want to be?

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<v Speaker 1>Like?

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<v Speaker 3>Who wants to be DJ Black? Like you ever seen

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<v Speaker 3>him before? Like let's just be honest, Let's just be honest,

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<v Speaker 3>like you ever see him? Like I couldn't imagine any

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<v Speaker 3>any kid or any young person that has aspirations to

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<v Speaker 3>actually want to beat him, like.

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<v Speaker 4>You see have you seen him?

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<v Speaker 1>That's why I don't show him.

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<v Speaker 4>So that's this is why he doesn't know him.

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<v Speaker 3>So he's do an interview with like faise on love

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<v Speaker 3>and talk while he's showing fhaise on love can't make

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<v Speaker 3>you can't make the ship up the ethereum. We left

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<v Speaker 3>you on Red, bro, we left you on We left

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<v Speaker 3>you on Red because you were lame. He interviewed he

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<v Speaker 3>wanted to interview us last year because before invest Fast

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<v Speaker 3>he was like, Hey, I love what you guys are doing.

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<v Speaker 3>I want to interview and re read it and never

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<v Speaker 3>responded because we have our own platform. We don't need

0:08:57.559 --> 0:09:01.280
<v Speaker 3>to run to your platform. Two boosh your views and

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<v Speaker 3>clip it up eighteen different ways. And you have us

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<v Speaker 3>in a dark room which you was sitting behind, asking

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<v Speaker 3>about incriminating things. That's going to get somebody ten years

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<v Speaker 3>to life in Prinson. I'm glad you're an idiot you talk.

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<v Speaker 3>I watched your stock tips. It's like, oh, I brought

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<v Speaker 3>I brought home Depot stock because I went to home

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<v Speaker 3>Depot like years ago. I seen these tips that he's

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<v Speaker 3>talking about, Like, I made my friends rich off of this.

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<v Speaker 3>I made millions of dollars and I never asked for

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<v Speaker 3>any kickback. Who acts us for a kickback for giving.

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<v Speaker 1>This show is free. For the record, so everybody said

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<v Speaker 1>that this show is free.

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<v Speaker 3>Name Vladimir, like like, bro, you're not even a guest

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<v Speaker 3>in the culture. You're literally in the outhouse. And these

0:09:50.280 --> 0:09:53.000
<v Speaker 3>dumb people that come on your show made you, made

0:09:53.080 --> 0:09:56.679
<v Speaker 3>you have a platform because people just love selling out

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<v Speaker 3>the culture any chance that they get.

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<v Speaker 4>But you you're not a DJ. Your name is Vladimir.

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<v Speaker 1>He was the DJ back in the day. He has

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<v Speaker 1>a little two PoCA mix tape. And when Brick Ross

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<v Speaker 1>caught up to him, hands and feet.

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<v Speaker 4>Hall shake feet on that boy, shout to alleged, welcome

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<v Speaker 4>home cheap that welcome.

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<v Speaker 1>This money.

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<v Speaker 4>Allegedly you can take this from me, allegedly.

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<v Speaker 3>No way, hands and feet, yo, nobody ever put their

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<v Speaker 3>hands or their feet on me. That's another thing that

0:10:35.960 --> 0:10:38.360
<v Speaker 3>better keep your hands to yourself. Nobody ever put their

0:10:38.400 --> 0:10:41.319
<v Speaker 3>hands and feet on me. You guys out here have

0:10:41.960 --> 0:10:47.520
<v Speaker 3>gotten assaulted, and you got assaulted and the only thing

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<v Speaker 3>that you did was sue somebody.

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<v Speaker 1>First called action. That's a suit. Oh man, all right,

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<v Speaker 1>Adam once again outworked the votures.

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<v Speaker 4>Adam, you that wrong for that and no disrespect. That

0:11:03.600 --> 0:11:03.800
<v Speaker 4>was real.

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<v Speaker 6>Nobody not not saying, but I'm saying disrespect to anybody,

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<v Speaker 6>and that was real respected. I'm asking because I heard

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<v Speaker 6>I wasn't. I can't confirm. I can't confirm that that

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<v Speaker 6>was real.

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<v Speaker 4>Adam, you're that wrong for that because you're doing it

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<v Speaker 4>for Clout. Yeah, that's even worse.

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<v Speaker 3>Now you're not cloud if that if that's if that's

0:11:25.040 --> 0:11:27.640
<v Speaker 3>you know what I'm saying, like, no disrespect, but you're not.

0:11:28.000 --> 0:11:30.319
<v Speaker 3>You're doing it for Clout, right, so now you you

0:11:30.600 --> 0:11:34.240
<v Speaker 3>just cloud though, let's beyond it's Clout. Yeah, he's doing

0:11:34.240 --> 0:11:34.840
<v Speaker 3>it for Clout.

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<v Speaker 5>Like I told y'all last year. Hey, when I got

0:11:41.800 --> 0:11:46.120
<v Speaker 5>the call, it was about to be over with podcast is,

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<v Speaker 5>Hey be careful, but be very careful on Spotify. Shot

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<v Speaker 5>to Daniel, but and shot the Universal and Son and everybody.

0:11:52.520 --> 0:11:56.040
<v Speaker 1>But yeah, whatever it works. It's crazy, all right.

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<v Speaker 3>So let's let's let me go back to this, back

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<v Speaker 3>to the regular schedule program. Man, Okay, you accept.

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<v Speaker 1>Apology from Blad like J cole Is Kendrick. You know

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<v Speaker 1>we gotta say that for later.

0:12:08.600 --> 0:12:12.839
<v Speaker 2>Please okay, please, please, please please We're on record, so

0:12:13.000 --> 0:12:13.640
<v Speaker 2>just please.

0:12:13.520 --> 0:12:20.839
<v Speaker 3>Okay, So meta in Netflix, right, how does this affect that?

0:12:20.960 --> 0:12:23.120
<v Speaker 1>Stop it won't affect it at all.

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<v Speaker 5>Nobody care. It's like whenever my girl went to my DMS.

0:12:26.120 --> 0:12:28.600
<v Speaker 5>It's like, can't affect my business. May make me bad

0:12:28.640 --> 0:12:32.000
<v Speaker 5>for a day or two, But back to business, redpad

0:12:32.120 --> 0:12:33.360
<v Speaker 5>dot com, meaninvest dot com?

0:12:33.920 --> 0:12:43.120
<v Speaker 1>Who is this gratitude? Patty business? Play back to work? Nothing,

0:12:43.320 --> 0:12:46.000
<v Speaker 1>backslash e some think or swim. These just just chokes.

0:12:47.480 --> 0:12:49.920
<v Speaker 5>But it won't affect us stock at all. If anything,

0:12:50.000 --> 0:12:53.839
<v Speaker 5>it probably they need another partnership. If I'm Netflix, I'm

0:12:53.880 --> 0:12:55.959
<v Speaker 5>trying to find how to stretch some more of that

0:12:56.080 --> 0:12:56.800
<v Speaker 5>data from IG.

0:12:57.200 --> 0:12:58.840
<v Speaker 2>Or if I'm Meta, I'm trying to figure out who

0:12:58.840 --> 0:12:59.960
<v Speaker 2>else I can get the hunter of the mill from

0:13:00.320 --> 0:13:00.880
<v Speaker 2>its working.

0:13:01.280 --> 0:13:04.600
<v Speaker 1>We saw enough Fax, I mean we Disney Plus come

0:13:04.640 --> 0:13:06.240
<v Speaker 1>on over. Shout out to Disney.

0:13:06.520 --> 0:13:09.959
<v Speaker 2>We talked about Netflix and the harsh realities that we're

0:13:10.000 --> 0:13:13.120
<v Speaker 2>going to face them about two years ago, and they've

0:13:13.200 --> 0:13:14.079
<v Speaker 2>just rebounded from it.

0:13:14.679 --> 0:13:16.199
<v Speaker 1>Part of that is the marketing. Part of it is

0:13:16.280 --> 0:13:19.120
<v Speaker 1>the advertising. So it's worth it's worth.

0:13:19.679 --> 0:13:23.079
<v Speaker 5>And the revenue they're saying on IG is even more

0:13:23.120 --> 0:13:28.400
<v Speaker 5>profitable advertising there than some of the competitors like of course, Amazon, Hulu,

0:13:28.480 --> 0:13:31.240
<v Speaker 5>et cetera. So I mean they have a media dynasty,

0:13:31.880 --> 0:13:35.280
<v Speaker 5>definitely the easiest ad platform to use in comparison to

0:13:35.320 --> 0:13:37.959
<v Speaker 5>anyone else. So yeah, I think they need to find

0:13:38.000 --> 0:13:41.960
<v Speaker 5>more partnerships. Maybe Hulu Max, whom probably belyves that partnership.

0:13:42.440 --> 0:13:45.840
<v Speaker 5>ESPN was the first person I thought of. You better

0:13:45.880 --> 0:13:49.760
<v Speaker 5>go over there and advertise Pat McAfee show more because

0:13:49.800 --> 0:13:52.440
<v Speaker 5>the ESPN and Disney needs a little bit more help.

0:13:52.559 --> 0:13:54.760
<v Speaker 5>So I don't think it'd affect their stock at all.

0:13:55.040 --> 0:13:58.640
<v Speaker 7>An illegal alien from Guatemala charged with raping a child

0:13:58.720 --> 0:14:02.520
<v Speaker 7>in Massachusetts. An MS thirteen gang member from Al Salvador

0:14:02.760 --> 0:14:06.880
<v Speaker 7>accused of murdering a Texas man of Venezuelan charged with

0:14:07.000 --> 0:14:10.839
<v Speaker 7>filming and selling child pornography in Michigan. These are just

0:14:11.000 --> 0:14:14.720
<v Speaker 7>some of the heinous migrant criminals caught because of President

0:14:14.760 --> 0:14:18.320
<v Speaker 7>Donald J. Trump's leadership. I'm Christy nom the United States

0:14:18.360 --> 0:14:23.120
<v Speaker 7>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:14:23.200 --> 0:14:26.720
<v Speaker 7>crossings are at the lowest levels ever recorded, and over

0:14:26.800 --> 0:14:30.000
<v Speaker 7>one hundred thousand illegal aliens have been arrested. If you

0:14:30.120 --> 0:14:33.920
<v Speaker 7>are here illegally, your next you will be fine nearly

0:14:34.040 --> 0:14:38.000
<v Speaker 7>one thousand dollars a day. Imprisoned and deported, you will

0:14:38.080 --> 0:14:41.720
<v Speaker 7>never return. But if you register using our CBP home

0:14:41.800 --> 0:14:45.120
<v Speaker 7>app and leave now, you could be allowed to return legally.

0:14:45.520 --> 0:14:50.200
<v Speaker 7>Do what's right, leave now. Under President Trump America's laws,

0:14:50.440 --> 0:14:52.840
<v Speaker 7>border and families will be protected.

0:14:52.960 --> 0:14:55.080
<v Speaker 1>Sponsored by the United States Department of Homeland Security,