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Daily Crunch: Facebook will pay $5B fine
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1. Facebook settles with FTC: $5 billion and new privacy guarantees
Although in line with what was reported before the official announcement, the FTC notes this is the largest fine for any company violating consumer privacy.
In addition to the payment, Facebook has agreed to new oversight, with a board committee on privacy covering WhatsApp and Instagram, as well as Facebook itself.
2. Netflix launches Rs 199 ($2.80) mobile-only monthly plan in India
Netflix has a new plan to win users in India: make the entry point to its service incredibly cheap. The new tier restricts the usage to one mobile device, with standard definition viewing.
3. DOJ announces investigation into big tech
More regulatory fun! In a statement, the DOJ said that it will consider “widespread concerns that consumers, businesses, and entrepreneurs have expressed about search, social media and some retail services online.”
Camping site with a caravan and a four wheel drive parked under a tree by the Darling River in Australia.
4. Andreessen Horowitz values camping business Hipcamp at $127M
The San Francisco-based startup provides a “people-powered platform” that unlocks access to private land for camping, glamping or just a beautiful spot to park your RV.
5. Google intros Gallery Go offline photo editor
The new product joins a suite of Google apps created specifically for users in development markets, where solid online connections aren’t always a given.
6. Tile finds another $45M to expand its item-tracking devices and platform
Tile makes popular square-shaped tags to help people keep track of physical belongings like keys and bags. Recently, it’s been linking up with chipmakers to expand into wireless headsets and other electronics.
7. Digging into the Roblox growth strategy
After 15 years, the company has accumulated 90 million users and a new $150 million venture funding war chest. (Extra Crunch membership required.)
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
Rabbit R1 hands-on review: Something is iffy about this
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
‘Shōgun’ co-creators break down the finale: ‘It’s a story about death’
Tesla’s new growth plan is centered around mysterious cheaper models
Tesla’s in trouble. Is Elon Musk the problem?
Two widow founders launch DayNew, a social platform for people dealing with grief and trauma
Google Pixel 9 and Pixel 9 Pro: Release date, specs, new features, and other rumors
UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’
Mood.camera is an iOS app that feels like using a retro analog camera
API startup Noname Security nears $500M deal to sell itself to Akamai
US think tank Heritage Foundation hit by cyberattack
NASA discovered bacteria that wouldn’t die. Now it’s boosting sunscreen.
How to watch ‘Argylle’: When and where is it streaming?
Tesla drops prices, Meta confirms Llama 3 release, and Apple allows emulators in the App Store
Tesla layoffs hit high performers, some departments slashed, sources say
TechCrunch Mobility: Cruise robotaxis return and Ford’s BlueCruise comes under scrutiny
Meta to close Threads in Turkey to comply with injunction prohibiting data-sharing with Instagram
Former top SpaceX exec Tom Ochinero sets up new VC firm, filings reveal
Where’s the AI in these ‘AI-powered’ products for your home?
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
Rabbit R1 hands-on review: Something is iffy about this
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
‘Shōgun’ co-creators break down the finale: ‘It’s a story about death’
Tesla’s new growth plan is centered around mysterious cheaper models
Tesla’s in trouble. Is Elon Musk the problem?
Two widow founders launch DayNew, a social platform for people dealing with grief and trauma
Google Pixel 9 and Pixel 9 Pro: Release date, specs, new features, and other rumors
UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’
Mood.camera is an iOS app that feels like using a retro analog camera
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