Daily Crunch: Meta to pay $725M settlement in Cambridge Analytica data access case

Daily Crunch: Meta to pay $725M settlement in Cambridge Analytica data access case

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Today we celebrate a bit of oversight over an industry that has been allowed to prey on those less fortunate for way too long — Devin reports that the FCC is taking a more firm hand in overseeing the prison phone system in a simple bill, giving the regulatory body the power “to ensure just and reasonable charges for telephone and advanced communications services in correctional and detention facilities.”

In other exciting news, the Daily Crunch will return next week in a slightly reduced form as Christine and Haje go on holiday. The full newsletter will be back soon, and the two of us wish you a very happy Christmas if you celebrate, a very peaceful holiday if you do not, and a magnificently prosperous 2023, in either case. Much love, Christine and Haje

The TechCrunch Top 4

  • Meta settles: After years of pushing back against a lawsuit, Meta has agreed to a $725 million settlement to resolve a class-action lawsuit over Cambridge Analytica harvesting data from Facebook users. Paul has more.
  • Breathe in that fresh air: Mila, the maker of a smart air purifier that came from humble beginnings on Kickstarter, scored $10 million in a round led by Electrolux. This gives it a $52 million valuation and the backing to add some smarts to a new product — a humidifier, Haje writes.
  • Charge 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 recharge three devices at once, Matt reports.
  • The results are in: Dominic-Madori surveyed three Black investors about what they are prepping for in 2023. Read the full version on TechCrunch .

Holiday shipping is easier this year, but the tech is still lagging

Global supply chains are in better shape than last year, but that doesn’t bode well to the future, writes Flexport CEO Ryan Petersen.

” This year’s shipping improvements largely reflect a pullback of consumption rather than any improvement to the underlying infrastructure,” he said, noting that labor shortages and high fuel prices have caused persistent bottlenecks.

” We have the data we need to make the most of it .”

Two more from the TC group:

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Big Tech Inc.

We enjoyed Ingrid‘s in-depth look at how decentralized social media player Mastodon is scaling as Twitter users decamp to search for other ways to post everything they are thinking. TechCrunch subscribers — if you’re not one, you can be easily — can also read her Q&A with Mastodon creator Eugen Rochko.

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

Google won’t take India’s latest fine lightly. Manish reports the search engine giant is appealing the hundreds of millions of dollars in fines ordered against it over business practices on Android.

We have four more for your consideration:

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