Meta to settle the $725 million settlement in the case of Cambridge Analytica data access • TechCrunch
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Today we celebrate a bit of negligence for an industry that has been allowed to hunt the less fortunate for so long — Devin report that The FCC is getting more aggressive in monitoring the prison phone system in a simple bill, giving the regulator the power to “ensure reasonable and reasonable charges for advanced telephone and communications services in correctional and detention facilities.”
In other intriguing news, the Daily Crunch is returning next week in slightly reduced form, as both Christine and Haje are gone for the holidays. The full newsletter will be back soon, and the two of us wish you a Merry Christmas if you celebrate, a peaceful holiday if you don’t, and a wonderfully prosperous 2023, in either case. Much love, Christine and haje
TechCrunch’s Top 4
- Meta solver: After years of pushing back the lawsuit, Meta has agreed to a $725 million settlement to settle a class-action lawsuit over Cambridge Analytica’s collection of data from Facebook users. Paul there are many more.
- Breathe in that fresh air: Mila, the smart air purifier maker that got its start from humble beginnings on Kickstarter, has scored $10 million in a round led by Electrolux. This gives it a $52 million valuation and the support to add some smart features to the new product – a humidifier, haje write.
- charge it up: Looks like Tesla is #winning in a space that Apple just can’t. The automaker has unveiled a $300 charging pad that can charge three devices at once, Matt report.
- The result is in: Dominic-Madori surveyed three Black investors about what they are preparing for in 2023. Read the full version on TechCrunch+.
Holiday shipping is easier this year, but technology is still lagging
Ryan Petersen, CEO of Flexport, writes: “Global supply flows are in better shape than they were this time last year, but that doesn’t bode well for the future.
“This year’s improvements in transportation largely reflect a decline in consumption rather than any improvement in basic infrastructure,” he said, noting that labor shortages, Global instability and high fuel prices have created persistent bottlenecks.
“Fortunately, the data available today is abundant, and we also have the tools to leverage it in ways that can enhance efficiency.”
Three other pieces of information from the TC+ team:
TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here. Use code “DC” for 15% off your annual subscription!
Big tech company
we really like it ingridInsight into how decentralized social media player Mastodon is scaling when Twitter users started looking for other ways to post everything they were thinking. TechCrunch+ subscribers — if you’re not a subscriber, you can easily — also read her 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 says hackers stole password vaults of some customers. Zack say it’s time to change your password.
Google doesn’t accept India’s latest fine. Manish Report the search engine giant is appealing hundreds of millions of dollars in fines claimed against it about business practices on Android.
And we have four more for you:
- Is it possible to have a fair election in social media land?: annie wrote that the “failed content moderation” during last year’s Kenyan election led other countries to question what social media companies, such as Facebook, Twitter and TikTok, would do. to maintain electoral integrity in Africa when their election takes place.
- Persistence or discomfort?: Jack Sweeney, creator of @ElonJet, now has a new Twitter account, still follows Elon Musk’s jet, but now delayedwrite connie. Meanwhile, if you’re Twitter Blue, you 60 minutes long videos can now be uploaded, Ivan report. It’s unlikely any of us will linger long enough to see a good movie, so good luck with that new number of views.
- Separated: Indian e-commerce giant Flipkart no longer owns shares of PhonePe, Manish write.
- This move makes Tesla investors shake their heads: Tesla’s $7,500 price cut feels desperate and is “driving investors crazy,” write Rebeccacauses one to reduce the target price to the automaker.