Friday, September 15, 2023

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☕️ TikTok fined $367 million for how it handled children’s data

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This is your daily dose of ☕️ Techpresso, where you get the latest tech news of the day effortlessly.

Here's the latest tech news from the last 24 hours:

💸 TikTok fined $367 million for how it handled children’s data
👥 Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit
🚀 Controversy as ancient human fossils sent to space
🎙️ Facebook cofounder says best companies come out of downturns
🤗 Meta confirms: No ads coming to WhatsApp

💸 TikTok fined $367 million for how it handled children’s dataLINK

  • TikTok has received a €345 million fine, its largest ever, from its lead regulator in the EU for violating General Data Protection Regulation laws.
  • The fine corresponds to TikTok's mishandling of sensitive data from children below 18 years, and the company is required to make its data processing compliant by year's end.
  • This concludes one of two significant investigations into TikTok led by the Irish regulator, with another ongoing probe into possible unlawful transfer of European user data to China.
  • 👥 Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuitLINK

  • Elon Musk's company, X, recently laid off two-thirds of its workforce, alleging huge daily losses, which led to multiple lawsuits including lack of severance pay and targeting of women.
  • X has now agreed to attempt to settle these lawsuits, represented by Shannon Liss-Riordan, an attorney who is advocating for nearly 2,000 former employees.
  • The further schedule for the settlement remains unclear, however negotiations could take place in early December.
  • 🚀 Controversy as ancient human fossils sent to spaceLINK

  • Richard Branson's Virgin Galactic has sparked controversy by sending ancient hominin bones into space, drawing criticism from the paleontology community who view it as a disrespectful stunt.
  • This marks the first time human ancestral remains have been sent into space, with the included bones belonging to the two-million-year-old Australopithecus sediba and 250,000-year-old Homo naledi, both discovered in South Africa.
  • Despite being legal, the act of white scientists selecting and sending African fossils into space has been viewed by some as a perpetuation of past unethical practices in palaeoanthropological research.
  • 🎙️ Facebook cofounder says best companies come out of downturnsLINK

  • Facebook cofounder Eduardo Saverin stated that the most successful companies are created during periods of economic downturn.
  • Saverin cited companies like Apple, Microsoft, Alibaba, Uber, and Airbnb as examples of successful companies that sprung up during tough financial periods.
  • According to Saverin, these challenging times produce entrepreneurs who understand the need to create truly vital products, shaping their initial business approach.
  • 🤗 Meta confirms: No ads coming to WhatsAppLINK

  • Meta has contradicted a Financial Times report suggesting that it plans to display ads on WhatsApp, stating there are no tests or plans for such an initiative.
  • The company currently monetizes WhatsApp through WhatsApp Business, a service for merchants boasting over 200 million monthly active users, rather than through placing ads.
  • Despite speculation and past considerations around integrating ads on WhatsApp, these plans have always been cancelled, with a focus instead on refining business and payment services on the platform.
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