A lawsuit seeking class action status accuses Meta of rolling back its now shuttered Facebook Watch streaming video service to give Netflix a clear path as part of a deal to split the spoils of the new digital landscape.
The antitrust suit filed in U.S. District Court for the Northern District of Illinois by two residents of the state (and Netflix subscribers) said that documents recently unsealed from an earlier lawsuit against Meta show that the two companies agreed to collude shortly after Facebook “began to directly compete against Netflix in the market for video-streaming services by launching Watch, a video-streaming platform that offered consumers the same kind of TV-like shows that were Netflix’s bread and butter.”
Netflix CEO Reed Hastings was on Facebook’s board of directors at the time and, the suit alleges, conversations with Facebook (now called Meta) CEO Mark Zuckerberg “ultimately led to a
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