Daily Crunch: Facebook will pay $5B fine
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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.
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.
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.”
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.
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.
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.
After 15 years, the company has accumulated 90 million users and a new $150 million venture funding war chest. (Extra Crunch membership required.)