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

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Right now we have a good time a little bit of oversight over an business that has been allowed to prey on these much less lucky for approach too lengthy — Devin studies that the FCC is taking a extra agency hand in overseeing the jail cellphone system in a easy invoice, giving the regulatory physique the ability “to make sure simply and affordable fees for phone and superior communications providers in correctional and detention services.”

In different fascinating information, the Every day Crunch will probably be again subsequent week in a barely diminished type, as each Christine and Haje disappear for the vacations. The complete e-newsletter will probably be again quickly, and the 2 of us want you a really glad Christmas if you happen to have a good time, a really peaceable vacation if you don’t, and a magnificently affluent 2023, in both case. A lot love, Christine and Haje

The TechCrunch Prime 4

• Meta settles: After years of pushing again in opposition to a lawsuit, Meta has agreed to a $725 million settlement to resolve a class-action lawsuit over Cambridge Analytica harvesting knowledge from Fb customers. Paul has extra.
• Breathe in that recent air: Mila, the maker of a wise air air purifier that got here from humble beginnings on Kickstarter, scored $10 million in a spherical led by Electrolux. This provides it a $52 million valuation and the backing so as to add some smarts to a brand new product — a humidifier, Haje writes.
• Cost it up: It seems to be like Tesla is #successful in an area that Apple couldn’t make work. The automaker unveiled its $300 charging mat that may recharge three gadgets directly, Matt studies.
• The outcomes are in: Dominic-Madori surveyed three Black traders about what they’re prepping for in 2023. Learn the complete model on TechCrunch+.

Vacation transport is less complicated this yr, however the tech continues to be lagging

Picture Credit: Yuichiro Chino (opens in a brand new window) / Getty Pictures

International provide strains are in higher form than they have been this time final yr, however that doesn’t bode properly for the long run, writes Flexport CEO Ryan Petersen.

“This yr’s enhancements in transport largely replicate a pullback in consumption fairly than any enchancment within the underlying infrastructure,” he says, noting that labor shortages, world instability and excessive gasoline costs have created persistent bottlenecks.

“Luckily, the info accessible at this time is wealthy past measure, and we even have the instruments to leverage it in methods that may enhance effectivity.”

Three extra from the TC+ staff:

TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You’ll be able to join right here. Use code “DC” for a 15% low cost on an annual subscription!

Massive Tech Inc.

We loved Ingrid’s in-depth have a look at how decentralized social media participant Mastodon is scaling as Twitter customers decamp to seek for different methods to put up every thing they’re considering. TechCrunch+ subscribers — if you happen to’re not one, you might be simply — may also learn her Q&A with Mastodon creator Eugen Rochko.

In case you are a LastPass consumer like many people right here at TechCrunch, you would possibly wish to test your e mail if you happen to haven’t already. LastPass says hackers stole some prospects’ password vaults. Zack says it’s time to alter your passwords.

Google isn’t taking India’s newest high-quality mendacity down. Manish studies the search engine large is interesting the a whole lot of hundreds of thousands of {dollars} in fines ordered in opposition to it over enterprise practices on Android.

And now we have 4 extra for you:

• Can there be a good election in social media land?: Annie writes that “botched content material moderation” throughout Kenya’s elections final yr leaves different nations with questions on what social media firms, like Fb, Twitter and TikTok, will do to uphold election integrity in Africa as their elections occur.
• Persistence or annoyance?: @ElonJet creator Jack Sweeney has a brand new Twitter deal with now, nonetheless following Elon Musk’s jet, however now delayed, writes Connie. In the meantime, if you happen to’re Twitter Blue, now you can add 60-minute movies, Ivan studies. Unsure any of us will keep lengthy sufficient to look at one, so good luck with these new view counts.
• Separated: India’s e-commerce large Flipkart now not owns a stake in PhonePe, Manish writes.
• This transfer has Tesla traders shaking their heads: Tesla’s $7,500 low cost feels determined and is “giving traders the ick,” writes Rebecca, inflicting one to chop its worth goal for the automaker.