Latest / Earn Your Leisure / Facebook Sold User Info To Netflix for $100 Million

Transcript

Facebook Sold User Info To Netflix for $100 Million · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
• 0:02
  Speaker 2: You ever walk into a small business and everything just
• 0:04
  Speaker 2: works like The checkout is fast, the receipts are digital,
• 0:08
  Speaker 2: tipping is a breeze, and you're out the door before
• 0:11
  Speaker 2: the line even builds. Odds are they're using Square. We
• 0:15
  Speaker 2: love supporting businesses that run on Square because it just
• 0:18
  Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor
• 0:21
  Speaker 2: at a pop up market, or even one of our
• 0:23
  Speaker 2: merch partners, Square makes it easy for them to take payments,
• 0:27
  Speaker 2: manage inventory, and run their business with confidence, all from
• 0:31
  Speaker 2: one simple system. If you're a business owner or even
• 0:35
  Speaker 2: just thinking about launching something soon, Square is hands down
• 0:38
  Speaker 2: one of the best tools out there to help you start, run,
• 0:41
  Speaker 2: and grow. It's not just about payments, it's about giving
• 0:45
  Speaker 2: you time back so you can focus.
• 0:47
  Speaker 1: On what matters most Ready.
• 0:48
  Speaker 2: To see how Square can transform your business, visit Square
• 0:52
  Speaker 2: dot com backslash go backslash eyl to learn more that
• 0:56
  Speaker 2: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
• 1:02
  Speaker 2: Let's Square handle the back end so you can keep
• 1:04
  Speaker 2: pushing your vision forward. This episode is brought to you
• 1:11
  Speaker 2: by P and C Bank, a lot of people think
• 1:13
  Speaker 2: podcasts about work are boring, and sure, they definitely can be,
• 1:17
  Speaker 2: but understanding of professional's routine shows us how they achieve
• 1:21
  Speaker 2: their success little by little, day after day. It's like
• 1:25
  Speaker 2: banking with P and C Bank. It might seem boring
• 1:28
  Speaker 2: to save, plan and make calculated decisions with your bank,
• 1:31
  Speaker 2: but keeping your money boring is what helps you live
• 1:34
  Speaker 2: or more happily fulfilled life. P and C Bank Brilliantly
• 1:38
  Speaker 2: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty
• 1:42
  Speaker 2: five is a service mark of the PNC Financial Service Group, Inc.
• 1:46
  Speaker 2: P and C Bank National Association Member FDIC.
• 1:52
  Speaker 3: Netflix and Facebook are facing a lawsuit that reveals an
• 1:56
  Speaker 3: agreement between the two companies which allegedly work permitted me
• 2:02
  Speaker 3: permitted Netflix to access Facebook's users private message message. So
• 2:10
  Speaker 3: what they're saying is that Netflix paid was it? Was
• 2:15
  Speaker 3: it one hundred million dollars million? Yeah, one hundred million.
• 2:18
  Speaker 4: Dollars for Facebook private messenger.
• 2:24
  Speaker 1: Well, there's more to the lawsuit this.
• 2:25
  Speaker 2: So inside this one hundred million, they're saying that Facebook
• 2:29
  Speaker 2: canceled Facebook Watch to keep Netflix, one of its top advertisers,
• 2:34
  Speaker 2: to continue to put into ads on Facebook so we're
• 2:38
  Speaker 2: gonna kill Facebook Watch. We're gonna let you keep your ads.
• 2:41
  Speaker 2: So the Netflix series and films, we're gonna keep that
• 2:44
  Speaker 2: going because we need the money, and we're.
• 2:46
  Speaker 1: Going to cancel out all the competition.
• 2:48
  Speaker 2: So you don't need to go to Snapchat, you don't
• 2:50
  Speaker 2: need to go to any other social media.
• 2:52
  Speaker 1: Come right here. I know we were doing this face
• 2:54
  Speaker 1: was what we can We'll put that to the side,
• 2:56
  Speaker 1: and nobody was watching it.
• 2:57
  Speaker 2: We're not watching on it anyway. Yeah, well was red
• 3:01
  Speaker 2: table part of that with people watching.
• 3:02
  Speaker 1: It probably got caught up in that sweep.
• 3:04
  Speaker 2: Yo, we're out of here. You're done. Yeah, Now we're
• 3:07
  Speaker 2: just gonna the money. We're not making money here, but
• 3:10
  Speaker 2: we do make money from having your shows advertised.
• 3:12
  Speaker 1: So we'll take that money. That's all part of the lawsuit.
• 3:17
  Speaker 5: The good old days when the geo targeting and tracking
• 3:20
  Speaker 5: on Facebook was amazing. If you were advertising sh after
• 3:22
  Speaker 5: I got Dave, like, the targeting you can do back
• 3:25
  Speaker 5: in those days were amazing. When I saw the price tag,
• 3:29
  Speaker 5: my first thought was like, that's a lot to find
• 3:30
  Speaker 5: out who your girl was.
• 3:32
  Speaker 1: DMN like I can see Zacker.
• 3:34
  Speaker 5: Bray be like yeah, I'll show you the messages I
• 3:36
  Speaker 5: need to hundred million now and I'll shut down Facebook
• 3:38
  Speaker 5: Watch for you.
• 3:39
  Speaker 1: But my real thought, I've been saying it for three
• 3:42
  Speaker 1: or four years. All these data breaches are revenue driving events.
• 3:48
  Speaker 5: Wait at and t stockers and shambles, wait till the
• 3:51
  Speaker 5: truth comes out about them. All this data keeps getting
• 3:55
  Speaker 5: breached every two or three weeks. No one called try
• 4:00
  Speaker 5: to say, come patch this up for us. Or if
• 4:04
  Speaker 5: I've ninety six million records and I sell them to
• 4:06
  Speaker 5: you at two dollars a pop, maybe we can work
• 4:10
  Speaker 5: out a deal to you know, get some money on
• 4:12
  Speaker 5: the book. So I'm not surprised about this at all.
• 4:16
  Speaker 5: It actually was a good deal for Netflix and Meta
• 4:20
  Speaker 5: at the time, and I don't think anyone cares anyway.
• 4:25
  Speaker 3: So well, one of these things, anything that's free of
• 4:27
  Speaker 3: the product, absolutely and data is the most valuable commodity
• 4:32
  Speaker 3: in the world new oil, right, And it's one of
• 4:36
  Speaker 3: these things where it happens in everything, right, anything that
• 4:39
  Speaker 3: you're signing up for, you can probably believe that somehow
• 4:43
  Speaker 3: it's getting traded TSA. You think they're just taking your
• 4:49
  Speaker 3: fingerprints and your eyeball scans for the hell.
• 4:52
  Speaker 1: Of a clear do that clear update, I said, who
• 4:56
  Speaker 1: are selling this to?
• 4:57
  Speaker 5: No?
• 4:58
  Speaker 1: That was crazy?
• 4:58
  Speaker 3: The new I DJO for real, They're gonna start taking
• 5:02
  Speaker 3: DNA swabs they have.
• 5:06
  Speaker 4: They have your retina. They have your retina right so.
• 5:10
  Speaker 5: And your girlfriend is right now if you put on
• 5:11
  Speaker 5: your clear pass, your new eyelashes, all of this information,
• 5:18
  Speaker 5: all this information is being sold.
• 5:21
  Speaker 1: Ye.
• 5:22
  Speaker 3: But as an entrepreneur, you should think like, Okay, how
• 5:26
  Speaker 3: do I partner with somebody that maybe I can maybe
• 5:29
  Speaker 3: I can pay for that their data, right, Like you
• 5:32
  Speaker 3: might might idea you might be want to come up and.
• 5:35
  Speaker 4: Let's say I don't know Dave Shans, right, so.
• 5:39
  Speaker 3: He has one hundred thousand people in his email list,
• 5:41
  Speaker 3: and you're an up and coming entrepreneur, maybe you approach
• 5:45
  Speaker 3: Dave Shans and say, hey, can I get your data?
• 5:49
  Speaker 4: Can I get an email blast?
• 5:52
  Speaker 1: Yep?
• 5:52
  Speaker 3: So you have to see what's being done on the
• 5:54
  Speaker 3: highest level possible and see how you can you can
• 5:57
  Speaker 3: utilize it.
• 5:58
  Speaker 1: Yeah.
• 6:00
  Speaker 3: And the thing about it is that email blasts and
• 6:05
  Speaker 3: stuff like that that's legal. What they were doing wouldn't be
• 6:08
  Speaker 3: legal because they were actually taking what was supposed to
• 6:10
  Speaker 3: be private conversations. That's why if this wasn't like you're
• 6:15
  Speaker 3: showing somebody's private conversation, right, that's not ethical and that's
• 6:19
  Speaker 3: not legal, so you shouldn't. You shouldn't do that. But
• 6:22
  Speaker 3: as far as like data, anytime somebody gives data, right,
• 6:26
  Speaker 3: they're in a.
• 6:26
  Speaker 2: Pool unless it's not legal, and they like in the
• 6:31
  Speaker 2: fine print they said that, yeah, in the services and agreements,
• 6:34
  Speaker 2: you have to have that service and agreements, which I
• 6:36
  Speaker 2: don't know if anyone reads.
• 6:37
  Speaker 1: I shouldn't say no one reads.
• 6:38
  Speaker 2: Maybe somebody does, but if it's not there, you don't
• 6:41
  Speaker 2: have the service, and then that becomes illegal.
• 6:44
  Speaker 3: The third party search. But it's pretty standard. Everybody has
• 6:46
  Speaker 3: that now. It's pretty standard, like everybody has the service
• 6:49
  Speaker 3: and agreements that this data would be used, like you know,
• 6:52
  Speaker 3: you sign it and oh.
• 6:53
  Speaker 1: You see the Spotify one. I see they got to
• 6:56
  Speaker 1: no one. I've just seen that. They read the practice
• 6:58
  Speaker 1: the shot to Daniel verse that really got the head
• 7:00
  Speaker 1: in his pockets.
• 7:01
  Speaker 5: So if you are an audible author or like a
• 7:04
  Speaker 5: book author, they can take any characters, any storylines from
• 7:08
  Speaker 5: your books and make derivative works off of them and
• 7:11
  Speaker 5: turn them into movies and not pay you a die. Podcasts,
• 7:17
  Speaker 5: y'all in trouble. Y'all thought Adam twenty two broke the internet?
• 7:20
  Speaker 5: Wait til you upload what was that Adam twenty two?
• 7:23
  Speaker 1: I've been telling you all for one year for it.
• 7:26
  Speaker 1: Though he did a male scene fifty he won't be up.
• 7:32
  Speaker 3: I'm glad you may said, y'all glad you're sucker. I heard,
• 7:37
  Speaker 3: I heard, I heard that slitch you talking. You don't
• 7:40
  Speaker 3: even show your own face on camera. You're a sucker,
• 7:43
  Speaker 3: and I like it.
• 7:44
  Speaker 5: But you haven't made more money people, more people money
• 7:47
  Speaker 5: from the market than me.
• 7:48
  Speaker 1: You have some record say that hate is a strong
• 7:50
  Speaker 1: wordy man.
• 7:52
  Speaker 5: Ever since she had to drop that camera, he the
• 7:54
  Speaker 5: black hate then came out strong in this year.
• 7:58
  Speaker 3: You're a strong word, bro. And that's the and that's
• 8:01
  Speaker 3: the sad thing about it, right, Like who wants to
• 8:03
  Speaker 3: does anybody want to be?
• 8:04
  Speaker 1: Like?
• 8:04
  Speaker 3: Who wants to be DJ Black? Like you ever seen
• 8:07
  Speaker 3: him before? Like let's just be honest, Let's just be honest,
• 8:15
  Speaker 3: like you ever see him? Like I couldn't imagine any
• 8:18
  Speaker 3: any kid or any young person that has aspirations to
• 8:22
  Speaker 3: actually want to beat him, like.
• 8:27
  Speaker 4: You see have you seen him?
• 8:28
  Speaker 1: That's why I don't show him.
• 8:29
  Speaker 4: So that's this is why he doesn't know him.
• 8:31
  Speaker 3: So he's do an interview with like faise on love
• 8:34
  Speaker 3: and talk while he's showing fhaise on love can't make
• 8:40
  Speaker 3: you can't make the ship up the ethereum. We left
• 8:44
  Speaker 3: you on Red, bro, we left you on We left
• 8:46
  Speaker 3: you on Red because you were lame. He interviewed he
• 8:48
  Speaker 3: wanted to interview us last year because before invest Fast
• 8:50
  Speaker 3: he was like, Hey, I love what you guys are doing.
• 8:52
  Speaker 3: I want to interview and re read it and never
• 8:54
  Speaker 3: responded because we have our own platform. We don't need
• 8:57
  Speaker 3: to run to your platform. Two boosh your views and
• 9:01
  Speaker 3: clip it up eighteen different ways. And you have us
• 9:04
  Speaker 3: in a dark room which you was sitting behind, asking
• 9:08
  Speaker 3: about incriminating things. That's going to get somebody ten years
• 9:13
  Speaker 3: to life in Prinson. I'm glad you're an idiot you talk.
• 9:18
  Speaker 3: I watched your stock tips. It's like, oh, I brought
• 9:22
  Speaker 3: I brought home Depot stock because I went to home
• 9:26
  Speaker 3: Depot like years ago. I seen these tips that he's
• 9:28
  Speaker 3: talking about, Like, I made my friends rich off of this.
• 9:31
  Speaker 3: I made millions of dollars and I never asked for
• 9:32
  Speaker 3: any kickback. Who acts us for a kickback for giving.
• 9:35
  Speaker 1: This show is free. For the record, so everybody said
• 9:38
  Speaker 1: that this show is free.
• 9:40
  Speaker 3: Name Vladimir, like like, bro, you're not even a guest
• 9:46
  Speaker 3: in the culture. You're literally in the outhouse. And these
• 9:50
  Speaker 3: dumb people that come on your show made you, made
• 9:53
  Speaker 3: you have a platform because people just love selling out
• 9:56
  Speaker 3: the culture any chance that they get.
• 9:58
  Speaker 4: But you you're not a DJ. Your name is Vladimir.
• 10:02
  Speaker 1: He was the DJ back in the day. He has
• 10:05
  Speaker 1: a little two PoCA mix tape. And when Brick Ross
• 10:07
  Speaker 1: caught up to him, hands and feet.
• 10:13
  Speaker 4: Hall shake feet on that boy, shout to alleged, welcome
• 10:22
  Speaker 4: home cheap that welcome.
• 10:25
  Speaker 1: This money.
• 10:26
  Speaker 4: Allegedly you can take this from me, allegedly.
• 10:30
  Speaker 3: No way, hands and feet, yo, nobody ever put their
• 10:33
  Speaker 3: hands or their feet on me. That's another thing that
• 10:35
  Speaker 3: better keep your hands to yourself. Nobody ever put their
• 10:38
  Speaker 3: hands and feet on me. You guys out here have
• 10:41
  Speaker 3: gotten assaulted, and you got assaulted and the only thing
• 10:47
  Speaker 3: that you did was sue somebody.
• 10:48
  Speaker 1: First called action. That's a suit. Oh man, all right,
• 10:58
  Speaker 1: Adam once again outworked the votures.
• 11:01
  Speaker 4: Adam, you that wrong for that and no disrespect. That
• 11:03
  Speaker 4: was real.
• 11:03
  Speaker 6: Nobody not not saying, but I'm saying disrespect to anybody,
• 11:07
  Speaker 6: and that was real respected. I'm asking because I heard
• 11:13
  Speaker 6: I wasn't. I can't confirm. I can't confirm that that
• 11:17
  Speaker 6: was real.
• 11:17
  Speaker 4: Adam, you're that wrong for that because you're doing it
• 11:19
  Speaker 4: for Clout. Yeah, that's even worse.
• 11:22
  Speaker 3: Now you're not cloud if that if that's if that's
• 11:25
  Speaker 3: you know what I'm saying, like, no disrespect, but you're not.
• 11:28
  Speaker 3: You're doing it for Clout, right, so now you you
• 11:30
  Speaker 3: just cloud though, let's beyond it's Clout. Yeah, he's doing
• 11:34
  Speaker 3: it for Clout.
• 11:35
  Speaker 5: Like I told y'all last year. Hey, when I got
• 11:41
  Speaker 5: the call, it was about to be over with podcast is,
• 11:46
  Speaker 5: Hey be careful, but be very careful on Spotify. Shot
• 11:49
  Speaker 5: to Daniel, but and shot the Universal and Son and everybody.
• 11:52
  Speaker 1: But yeah, whatever it works. It's crazy, all right.
• 11:56
  Speaker 3: So let's let's let me go back to this, back
• 11:59
  Speaker 3: to the regular schedule program. Man, Okay, you accept.
• 12:05
  Speaker 1: Apology from Blad like J cole Is Kendrick. You know
• 12:07
  Speaker 1: we gotta say that for later.
• 12:08
  Speaker 2: Please okay, please, please, please please We're on record, so
• 12:13
  Speaker 2: just please.
• 12:13
  Speaker 3: Okay, So meta in Netflix, right, how does this affect that?
• 12:20
  Speaker 1: Stop it won't affect it at all.
• 12:23
  Speaker 5: Nobody care. It's like whenever my girl went to my DMS.
• 12:26
  Speaker 5: It's like, can't affect my business. May make me bad
• 12:28
  Speaker 5: for a day or two, But back to business, redpad
• 12:32
  Speaker 5: dot com, meaninvest dot com?
• 12:33
  Speaker 1: Who is this gratitude? Patty business? Play back to work? Nothing,
• 12:43
  Speaker 1: backslash e some think or swim. These just just chokes.
• 12:47
  Speaker 5: But it won't affect us stock at all. If anything,
• 12:50
  Speaker 5: it probably they need another partnership. If I'm Netflix, I'm
• 12:53
  Speaker 5: trying to find how to stretch some more of that
• 12:56
  Speaker 5: data from IG.
• 12:57
  Speaker 2: Or if I'm Meta, I'm trying to figure out who
• 12:58
  Speaker 2: else I can get the hunter of the mill from
• 13:00
  Speaker 2: its working.
• 13:01
  Speaker 1: We saw enough Fax, I mean we Disney Plus come
• 13:04
  Speaker 1: on over. Shout out to Disney.
• 13:06
  Speaker 2: We talked about Netflix and the harsh realities that we're
• 13:10
  Speaker 2: going to face them about two years ago, and they've
• 13:13
  Speaker 2: just rebounded from it.
• 13:14
  Speaker 1: Part of that is the marketing. Part of it is
• 13:16
  Speaker 1: the advertising. So it's worth it's worth.
• 13:19
  Speaker 5: And the revenue they're saying on IG is even more
• 13:23
  Speaker 5: profitable advertising there than some of the competitors like of course, Amazon, Hulu,
• 13:28
  Speaker 5: et cetera. So I mean they have a media dynasty,
• 13:31
  Speaker 5: definitely the easiest ad platform to use in comparison to
• 13:35
  Speaker 5: anyone else. So yeah, I think they need to find
• 13:38
  Speaker 5: more partnerships. Maybe Hulu Max, whom probably belyves that partnership.
• 13:42
  Speaker 5: ESPN was the first person I thought of. You better
• 13:45
  Speaker 5: go over there and advertise Pat McAfee show more because
• 13:49
  Speaker 5: the ESPN and Disney needs a little bit more help.
• 13:52
  Speaker 5: So I don't think it'd affect their stock at all.
• 13:55
  Speaker 7: An illegal alien from Guatemala charged with raping a child
• 13:58
  Speaker 7: in Massachusetts. An MS thirteen gang member from Al Salvador
• 14:02
  Speaker 7: accused of murdering a Texas man of Venezuelan charged with
• 14:07
  Speaker 7: filming and selling child pornography in Michigan. These are just
• 14:11
  Speaker 7: some of the heinous migrant criminals caught because of President
• 14:14
  Speaker 7: Donald J. Trump's leadership. I'm Christy nom the United States
• 14:18
  Speaker 7: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 14:23
  Speaker 7: crossings are at the lowest levels ever recorded, and over
• 14:26
  Speaker 7: one hundred thousand illegal aliens have been arrested. If you
• 14:30
  Speaker 7: are here illegally, your next you will be fine nearly
• 14:34
  Speaker 7: one thousand dollars a day. Imprisoned and deported, you will
• 14:38
  Speaker 7: never return. But if you register using our CBP home
• 14:41
  Speaker 7: app and leave now, you could be allowed to return legally.
• 14:45
  Speaker 7: Do what's right, leave now. Under President Trump America's laws,
• 14:50
  Speaker 7: border and families will be protected.
• 14:52
  Speaker 1: Sponsored by the United States Department of Homeland Security,