Facebook could face billions in potential damages as court rules facial recognition lawsuit can proceed – TechCrunch

Facebook is facing exposure to billions of dollars in potential damages as a federal appeals court on Thursday rejected Facebook’s arguments to halt a class action lawsuit claiming it illegally collected and stored the biometric data of millions of users. The class action lawsuit has been working its way through the courts since 2015, when…

Cultivated data is the next Gold Rush – TechCrunch

Five years ago, Frank Meehan, my SparkLabs Global Ventures co-founder, described the goal of our seed-stage fund as follows: “The future is data. We are looking to invest in companies that are generating valuable data around usage patterns, customer behavior, company information.” It was prescient — it has guided us well over the years, but also allowed us to…