Paul Sawers
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Facebook parent Meta to settle Cambridge Analytica class-action lawsuit for $725M • TechCrunch
Paul Sawers - 0
Facebook’s parent company Meta has agreed a $725 million settlement to resolve a class-action lawsuit related to the Cambridge Analytica data harvesting scandal.
First reported by Reuters earlier today, the deal follows nearly four months after news first emerged that Meta had proposed a settlement in the Northern District...
Twitter pulls its Spaces group audio feature after Musk run-in with banned journalists • TechCrunch
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Twitter has apparently pulled its Spaces group audio feature, at least temporarily, after Elon Musk joined a group conversation that included journalists that had been banned from the platform.
The latest drama comes after Twitter suspended several prominent journalists who had covered an earlier story about the Elon Jet...
Spotify’s grand plan to monetize its open source Backstage project via premium plugins • TechCrunch
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With nearly a third of the global music-streaming market share, Spotify needs little in the way of introduction. Some 456 million people consume music, podcasts and audiobooks through Spotify each month, 42% of which pay a monthly fee while the rest are subjected to advertisements.
Indeed, ads and subscriptions...
Meta, Microsoft, AWS and TomTom launch the Overture Maps Foundation to develop interoperable open map data • TechCrunch
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The Linux Foundation has partnered with some of the world’s biggest technology companies to develop interoperable and open map data, in what is a clear move to counter Google’s dominance in the map data realm.
The Overture Maps Foundation, as the new effort is called, is officially hosted by the Linux...
Foundamental closes $85M fund for early-stage construction tech startups • TechCrunch
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The trillion-dollar construction industry is often tarred with the inefficiency brush, accused of failing to move with the times and ignoring digitization in favor of legacy tools. But there is plenty of evidence that things are changing, with countless startups raising large sums of cash to help the construction...
Microsoft to acquire 4% stake in London Stock Exchange Group as part of 10-year cloud partnership • TechCrunch
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Microsoft is to acquire a 4% stake in the London Stock Exchange Group (LSEG), the company that owns the London Stock Exchange as well as a several other businesses including financial market data company Refinitiv which LSEG acquired from a Blackstone/Thomson Reuters consortium last year for $27 billion.
Microsoft’s...
San Francisco has hit pause on a policy that would allow police officers to use “killer robots” in certain situations that pose a threat to human life.
The controversial plans were initially greenlighted last week by San Francisco’s board of supervisors in a 8-3 vote, sparking a backlash from...
Proton, the Swiss company behind a range of privacy-focused online services, has officially brought its end-to-end encrypted (E2EE) cloud storage service to mobile.
Founded in 2014, Proton was initially all about an encrypted Gmail alternative called Proton Mail, but in the intervening years the company has launched its own...
Autonomous and electric truck company Einride raises $500M in equity and debt • TechCrunch
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Einride today announced a $500 million tranche of financing as it looks to expand its autonomous and electric trucks into new markets globally.
The cash injection constitutes an equity-based $200 million Series C portion from backers including Northzone, EQT Ventures, Temasek, Swedish pension fund AMF, Polar Structure, and Norrsken...
From the creator of Homebrew, Tea raises $8.9M to build a protocol that helps open source developers get paid • TechCrunch
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Tea, an open source unified package manager for software developers, today announced it has added another $8.9 million in seed funding to its coffer as it builds on recent momentum that has seen some 16,000 developers authenticate their software packages with Tea.
Tea is the brainchild of Max Howell,...