Netflix is calling Texas Attorney General Ken Paxton's lawsuit accusing the company of spying on children "meritless" and is preparing to fight it.
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Netflix is calling Texas Attorney General Ken Paxton's lawsuit accusing the company of spying on children "meritless" and is preparing to fight it.
Texas Attorney General Ken Paxton has filed a lawsuit against Netflix (NasdaqGS:NFLX). The suit accuses Netflix of illegally collecting data on children and designing its platform to be addictive. Allegations include misrepresenting data practices, unlawful surveillance of users, and prioritizing behavioral data monetization. The case seeks penalties, state-level restrictions, and a permanent injunction on certain user data practices. For investors watching Netflix as a large subscription...