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Meta to pay $725M settlement in Cambridge Analytica data access case • TechCrunch

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December 24, 2022
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Meta to pay $725M settlement in Cambridge Analytica data access case • TechCrunch
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Today we celebrate a little oversight of an industry that has been allowed to prey on the underprivileged for too long — Devin report FCC takes firmer hand to monitor prison phone systems A simple bill empowers regulators to “ensure fair and reasonable rates for telephone and advanced communications services in correctional and detention facilities.”

In other exciting news, the Daily Crunch will be back next week in slightly reduced form, as both Christine and Haje will be gone for the holidays. The full newsletter will be back soon. We both wish you a very happy Christmas if you celebrate, a very peaceful holiday if you don’t, and in any case a wonderfully prosperous 2023. much love, Christine When Haje

TechCrunch Top 4

  • the meta calms down: After years of fighting lawsuits, Meta has agreed to a $725 million settlement to settle a class action lawsuit over Cambridge Analytica, which collects data from Facebook users. Pole There are more.
  • breathe that fresh air: Smart air purifier maker Mila got off to a modest start on Kickstarter, raising $10 million in a round led by Electrolux. That gives it a $52 million valuation, and the humidifier, Haje writing.
  • Please charge: Tesla seems to be winning in areas where Apple has failed. The automaker has unveiled a $300 charging mat that can charge three of his devices at once. mat report.
  • Result is: Dominic Madrid We surveyed three Black investors about what they are preparing for 2023. Read the full story on TechCrunch+.

Shipping has gotten easier this holiday season, but technology is still lagging behind

Image credit: Yuichiro Chino (opens in new window) / Getty Images

Global supply lines are in better shape than they were at this time last year, but that doesn’t bode well for the future, writes Flexport CEO Ryan Petersen.

“Improvements in shipping this year are largely a reflection of receding consumption rather than improvements in underlying infrastructure,” he said, adding that labor shortages, global instability and high fuel prices have perpetuated the economy. We are paying attention to the fact that it creates a significant bottleneck.

READ ALSO

Global VC firm Partech reaches first close of largest African fund at €245 million • TechCrunch

Startups, here’s how you can make hardware without ruining the planet • TechCrunch

“Fortunately, the amount of data available today is immeasurably rich, and we also have the tools to harness it in ways that increase efficiency.”

Three more from the TC+ team:

TechCrunch+ is a membership program that keeps founders and startup teams a step ahead. You can sign up hereUse code ‘DC’ and get 15% off your annual subscription!

Big Tech Co., Ltd.

Had fun IngridA detailed look at how social media players are decentralized Mastodon scaling Twitter users run off to find other ways to post whatever they’re thinking. Q&A with Mastodon creator Eugen Rochko.

If you’re a LastPass user like many of us here at TechCrunch, check your email if you haven’t already. LastPass says hackers stole some customers’ password vaults. Zach Say it’s time to change your password.

Google has not quietly accepted India’s latest fine. mannish Search engine giant reports it is appealing hundreds of millions of dollars in fines ordered for it About business practices on Android.

We have 4 more available.

  • Can we have fair elections in the world of social media?: Annie wrote that “failed content moderation” in last year’s Kenyan elections left other countries questioning what social media companies such as Facebook, Twitter and TikTok would do. Maintaining electoral integrity in Africa when their elections are held.
  • Are you persistent or annoying?: @ElonJet creator Jack Sweeney now has a new Twitter handle and continues to follow Elon Musk’s jet. but now it’s too latewrites ConnieOn the other hand, if you’re Twitter Blue, you’re You can now upload 60 minute videos, Ivan report. I’m not sure any of us will stay long enough to see one, so good luck with those new view counts.
  • Broke up: Indian e-commerce giant Flipkart owns no stake in PhonePe., mannish writing.
  • The move has Tesla investors shaking their heads: Tesla’s $7,500 discount is hopeless, ‘annoying investors’ write Rebeccacausing automakers to lower their price targets.

Tags: 725MaccessAnalyticaCambridgeCasedataMetapaysettlementTechCrunch

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