February 8, 2023

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Meta Pays $725M Settlement in Cambridge Analytica Data Access Case • TechCrunch

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Today we’re celebrating a little oversight of an industry that’s been allowed to exploit the less fortunate for far too long — Devin reports that in a simple bill, the FCC is taking a firmer hand on oversight of the prison phone system, giving regulators the power to “justly and equitably.” to ensure charges for telephone and advanced communications services in correctional facilities and detention facilities”.

Other exciting news is that the Daily Crunch will be back next week in a slightly toned down form as both Christine and Haje disappear for the holidays. The full newsletter will be back soon and we both wish you a merry Christmas if you celebrate, a very peaceful bank holiday if you don’t and in any case a splendidly prosperous 2023. Much love, Christine and hey

The TechCrunch Top 4

Meta Agrees: After years of pushing back a lawsuit, Meta has agreed to a $725 million settlement to settle a class action lawsuit alleging Cambridge Analytica’s collection of data from Facebook users. Paul has more. Breathe in the fresh air: Mila, the maker of a smart air purifier that grew from humble beginnings on Kickstarter, raised $10 million in a round led by Electrolux. This gives it a $52 million valuation and the support to add some smart features to a new product – a humidifier, hey writes. Charge it up: It looks like Tesla is #winning in an area Apple couldn’t make it work. The automaker introduced its $300 charging mat, which can charge three devices at once. Frosted reports. The results are in: Dominic Madori asked three black investors about what they are preparing for in 2023. Read the full version on TechCrunch+.

Christmas shipping is easier this year, but technology is still lagging behind

Boxes on the conveyor to the truck loading dock in the shipping warehouse.

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

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

“For the most part, this year’s improvements in shipping reflect a fall in consumption rather than an improvement in the underlying infrastructure,” he says, noting that labor shortages, global instability and high fuel prices have created persistent shortages.

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

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams stay ahead of the competition. Here you can sign up. Use code “DC” for 15% off an annual subscription!

BigTech Inc.

We enjoyed it Ingrid‘s in-depth look at how decentralized social media player Mastodon is scaling as Twitter users head out to find other ways to post whatever’s on their mind. TechCrunch+ subscribers — if you’re not one, you can easily be — can 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. According to LastPass, hackers stole some customers’ password vaults. Zack says it’s time to change your passwords.

Google does not accept India’s latest fine. Manic The search engine giant is reportedly appealing hundreds of millions of dollars in fines it has been fined for doing business on Android.

And we have four more for you:

Can there be a fair choice in social media land?: annie writes that the “botched content moderation” during Kenya’s election last year has left other countries with questions about what social media companies like Facebook, Twitter and TikTok will do to maintain electoral integrity in Africa during their elections. Perseverance or Anger?: @ElonJet creator Jack Sweeney now has a new Twitter handle still following, but now delayed, Elon Musk’s Jet, writes connie. If you’re Twitter Blue, you can now upload 60-minute videos, Ivan reports. I’m not sure either of us will stay long enough to see one, so good luck with those new views counts. Split: India’s e-commerce giant Flipkart no longer owns a stake in PhonePe, Manic writes. The move has Tesla investors shaking their heads: Tesla’s $7,500 rebate feels desperate and “spoils investors,” he writes Rebekahresulting in lowering its price target for the automaker.