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

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Today, we celebrate a little oversight of an industry that has been allowed too long to prey on the less fortunate. Devin According to reports, FCC is more involved in monitoring the prison phone system In a simple bill, the regulator is empowered to “ensure just and reasonable charges of telephone and advanced communication services in correctional or detention facilities.”

The Daily Crunch will return next week, but in a slightly reduced form, due to Christine and Haje’s absences for the holidays. We will soon have the full newsletter back, and we wish you a very happy Christmas, if you celebrate it, and a peaceful holiday if not. And a tremendously prosperous 2023. Much love. Christine And Haje

The TechCrunch Top 4

• Meta settles: Meta has settled a class-action lawsuit against Cambridge Analytica for stealing data from Facebook users after years of resistance. Paul There are many more.
• Breathe in the fresh airMila, the creator of a smart purifier, raised $10 million through a round led Electrolux. This gives it a valuation of $52 million and the backing to add smarts to a new product, a humidifier. Haje writes.
• Charge it up: It seems like Tesla is #winning where Apple couldn’t. The $300 charging mat can charge three devices simultaneously, according to the automaker. Matt reports.
• The results are in: Dominic-Madori Three Black investors were surveyed about their plans for 2023. TechCrunch has the complete version..

This year holiday shipping is easier, but technology is still lagging.

Global supply lines are in better shape now than they were last year, but that doesn’t bode well for 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.

“Fortunately, we have the data that we need to increase efficiency, and it is abundant beyond measure.”

Three more from the TC Team:

• Cloud money makes it rain: Amazon had a rough year, but AWS is still a reliable cash cowBy Ron.
• Large, clean stacks full of money: Clean energy investments could close 2022 at new heights, setting the stage for lofty 2023By Tim.
• Tearing down the Card Blanch: Pitch Deck Teardown – Card Blanch’s $460K deck to its angel roundBy Haje.

TechCrunch Our membership program helps founders and startups get ahead of the game. Register here. For a 15% discount on your annual subscription, use code “DC”

Big Tech Inc.

We enjoyed IngridThis in-depth look at the decentralized social media player Mastodon is scaling Twitter users gather to find other ways to express themselves. TechCrunch subscribers – if you aren’t one, you can easily become one – can also read her Q&A with Eugen Rochko, Mastodon creator.

If you’re a LastPass user, like many of us here at TechCrunch are, you might want check your email to make sure you don’t forget. LastPass claims that hackers have stolen password vaults of some customers. Zack It’s time to update your passwords.

Google won’t take India’s latest fine lightly. Manish According to reports, the search engine giant is appealing the fines of hundreds of millions of dollars. Android business practices.

We have four more:

• Can there be fair elections in social media land: Annie Writers claim that “botched content moderation” in Kenya’s elections last January left other countries wondering what social media companies like Facebook, Twitter, and TikTok will do next year. To uphold electoral integrity in AfricaAs their elections take place.
• Are you persistent or do you annoyance?: Jack Sweeney, the creator of @ElonJet, has a new Twitter handle. He is still following Elon Musk’s jet. But now it is delayedWrites Connie. In the meantime, if your Twitter Blue is on, you can follow us @TwitterBlue. You can now upload 60-minute videos, Ivan reports. We are not sure that we will all stay long enough to see one, so good luck with those new views.
• Separate: Flipkart, India’s ecommerce giant, has sold its stake in PhonePe, Manish writes.
• Tesla investors are shaking their heads at this move: Tesla’s $7500 discount feels desperate, and is “giving investors a bad feeling.” Writes RebeccaThis caused one to lower its price target for the automaker.