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

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

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

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Today we celebrate a little oversight on an industry that has been allowed to prey on the less fortunate for far too long – Devin reports that the FCC is taking a stronger hand in overseeing the prison phone system in a simple bill, giving the regulatory body the power to “ensure just and reasonable charges for advanced telephone and communication services in correctional and custodial facilities”.

In other exciting news, the Daily Crunch will return next week in slightly diminished form, as Christine and Haje disappear for the holidays. The full newsletter will be back soon, and we wish you both a very merry Christmas if you celebrate it, a very peaceful holiday if you don’t, and a magnificently prosperous 2023, either way. Lots of love, Christina and haje

TechCrunch’s top 4

  • Meta installs: After years of fending off a lawsuit, Meta has agreed to a $725 million settlement to resolve a class action lawsuit against Cambridge Analytica that collects data from Facebook users. Paul see you.
  • Breathe that fresh air: Mila, the maker of a smart air purifier from humble beginnings on Kickstarter, has scored $10 million in a round led by Electrolux. That gives it a $52 million valuation and the backing to add smarts to a new product – a humidifier, haje written.
  • load it up: It looks like Tesla is winning in a space that Apple couldn’t make work. The automaker unveiled its $300 charging mat that can charge three devices at once, Mast reports.
  • The results are in: Dominique-Madori interviewed three black investors about what they’re preparing for in 2023. Read the full version on TechCrunch+.

Holiday shipping is easier this year, but technology still lags

Picture credits: Yuichiro Chino (Opens in a new window) /Getty Pictures

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

“This year’s improvements in shipping largely reflect a decline in consumption rather than an improvement in the underlying infrastructure,” he says, noting that labor shortages, the Global instability and high fuel prices have created persistent bottlenecks.

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

Three others from the TC+ team:

Tech Crunch+ is our membership program that helps founders and startup teams get a head start. You can register here. Use code “DC” to get 15% off an annual subscription!

Big Tech inc.

We liked Ingridtakes an in-depth look at how decentralized social media player Mastodon is adapting as Twitter users drop out to seek other ways to post whatever they think. TechCrunch+ subscribers — if you’re not one, you easily can be — can also read his Q&A with Mastodon creator Eugen Rochko.

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

Google does not accept India’s latest fine. pot holder reports that the search engine giant is appealing hundreds of millions of dollars in fines imposed on it for Android business practices.

And we have four more for you:

  • Can there be a fair election in the land of social media?: Anne writes that ‘sloppy content moderation’ during Kenya’s elections last year leaves other countries with questions about what social media companies, like Facebook, Twitter and TikTok, will do to maintain the integrity of the elections in Africa during their elections.
  • Persistence or annoyance?: @ElonJet creator Jack Sweeney now has a new Twitter account, still tracking Elon Musk’s jet, but now delayed, writes Connie. In the meantime, if you’re Twitter Blue, you can now download 60-minute videos, Ivan reports. I’m not sure any of us will stick around long enough to watch one, so good luck with those new view numbers.
  • Separate: Indian e-commerce giant Flipkart no longer holds stake in PhonePe, pot holder written.
  • This move has Tesla investors shaking their heads: Tesla’s $7,500 rebate looks desperate and ‘gives investors a headache,’ writes Rebeccacausing a reduction in its price target for the automaker.

Tech

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