Daily Crunch: Meta to pay $725 million settlement in Cambridge Analytica data access case
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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 firmer hand in overseeing the prison phone system in a simple bill, giving the regulator the power to "ensure just and reasonable charges for advanced telephone and communication 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 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, Christine and Haje
TechCrunch's top 4 Meta settles: 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 has more. Breathe in 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 writes. Recharge it: 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, Matt reports. The results are in: Dominic-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
Image credits: Yuichiro Chino (opens in a new window) / Getty Images
Global supply lines are in better shape than they were this time last year, but that doesn't bode well for the future, writes Ryan Petersen, CEO of Flexport.
"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 ...
Get a summary of the biggest and most important stories from TechCrunch delivered to your inbox every day at 3:00 p.m. PDT, register here.
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 firmer hand in overseeing the prison phone system in a simple bill, giving the regulator the power to "ensure just and reasonable charges for advanced telephone and communication 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 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, Christine and Haje
TechCrunch's top 4 Meta settles: 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 has more. Breathe in 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 writes. Recharge it: 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, Matt reports. The results are in: Dominic-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 lagsImage credits: Yuichiro Chino (opens in a new window) / Getty Images
Global supply lines are in better shape than they were this time last year, but that doesn't bode well for the future, writes Ryan Petersen, CEO of Flexport.
"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 ...
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