Netflix and Meta Face Antitrust Lawsuit Over Alleged Streaming Deal

The lawsuit claims Meta shuttered Facebook Watch to benefit Netflix in exchange for data and advertising revenue.

The lawsuit, filed in Illinois, accuses Netflix and Meta of colluding to eliminate competition in the streaming market.
Meta allegedly agreed to hobble its Facebook Watch platform, allowing Netflix to dominate the video-streaming space.
In return, Netflix purportedly provided Meta with customer data and increased its ad spending on the social media platform.
The suit references unsealed documents suggesting a backroom deal between Netflix's Reed Hastings and Meta's Mark Zuckerberg.
Meta has denied the allegations, calling the lawsuit baseless, while Netflix declined to comment on the matter.