The FTC just announced the details of its settlement agreement with Facebook over years of privacy practices in violation of a previous order. To say the settlement is favorable to Facebook, even with the record $5 billion penalty, is an understatement; the company’s lawyers are probably popping champagne right about now. Here’s why. 1. $5 […]
Facebook employees tried to alert the company about the activity of Cambridge Analytica as early as September 2015, per the SEC’s complaint against the company which was published yesterday. This chimes with a court filing that emerged earlier this year — which also suggested Facebook knew of concerns about the controversial data company earlier than […]
It’s perhaps not for nothing that The Great Hack — the new Netflix documentary about the connections between Cambridge Analytica, the U.S. election and Brexit, out on July 23 — opens with a scene from Burning Man. There, Brittany Kaiser, a former employee of Cambridge Analytica, scrawls the name of the company onto a strut […]
Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed that if the U.S. limits its size, blocks its acquisitions or bans its cryptocurrency, Chinese company’s absent these restrictions will win abroad, bringing more power […]
Artificial intelligence is quickly becoming a foundational technology for enterprise software development and startups have begun addressing a variety of issues around using AI to make software and processes much more efficient. To that end, we are delighted to announce that Jocelyn Goldfein, a Managing Director at Zetta Venture Partners will be joining on us […]
Instagram this morning announced several changes to its moderation policy, the most significant of which is that it will now warn users if their account could become disabled before that actually takes place. This change goes to address a longstanding issue where users would launch Instagram only to find that their account had been shut […]
As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces significant obstacles to enacting its plans from both sides of the Congressional aisle. In the second of what’s sure to be many (many many many) […]
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Highlights from Facebook’s Libra Senate hearing David Marcus, the head of Facebook’s blockchain subsidiary Calibra, testified before the Senate Banking Committee […]
Tim Hsia & Neil Devani Contributor More posts by this contributor ‘The Operators’: Slack PM Lorilyn McCue and Google Senior PM Jamal Eason on becoming a product manager and PM best practices ‘The Operators’: Acceleprise partner Whitney Sales and Docsend CEO Russ Heddleston on how to grow your sales strategies Welcome to this transcribed edition […]
Instagram announced two new features today that it said are designed to combat online bullying. In both cases, the Facebook -owned service seems to be trying to find ways to limit bad behavior without outright blocking posts or banning users. “We can do more to prevent bullying from happening on Instagram, and we can do […]