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This week, the tech industry made progress in the case of FTX’s Sam Bankman-Fried. The disgraced crypto founder was eventually released on $250 million bail after being extradited from the Bahamas and returned to US soil.
Meta settled a 2018 class-action lawsuit with a $725 million settlement to users whose data was leaked. Rival Twitter, on the other hand, allowed users to vote on whether or not Elon Musk should step down as CEO, with 57.5% of the vote declaring that he should step down.
Below, HYPEBEAST has rounded up the best tech stories of the week so you can stay up-to-date on trends in the industry.
Tesla A $300 wireless charging platform has been released
Tesla
Tesla has launched a wireless charging platform inspired by the Cybertruck. Enclosed in an aluminum housing, the charger takes note of the angular design of the future truck. It also has 15W of power per device and can charge up to three devices at the same time.
The wireless charger will retail for $300 and begin shipping in February 2023.
Meta agrees to pay $725M to settle Cambridge Analytica scandal
Justin Sullivan/Getty Images
Meta in 2010 In 2018, the Cambridge Analytica scandal settled for $725 million. The lawsuit comes after Facebook disclosed that it shared the personal data of 87 million users with third parties, including the consulting firm Cambridge Analytica, without their consent. The organization used the data to push out personalized ads with political messages.
The law firm representing the plaintiffs reported that the settlement was “the largest recovery ever obtained in a data privacy class action and the largest that Facebook has ever paid to settle a private class action.”
NASA retired the Mars lander mission after 4 years
NASA
NASA has officially completed the InSight Mars lander mission after four years. The lander was tasked with exploring the deep interior of the Martian crust and conducting research on weather and seismic activity. Scientists retired the mission after two unsuccessful attempts to make contact with the lander.
“We’ve thought of InSight as our friend and partner on Mars for the past four years, so it’s hard to say goodbye,” said Bruce Bannert, the mission’s principal investigator. But he got the retirement he deserved.
Sam Bankman-Fried was released on $250 million bail
Tom Williams/Cq-Roll Call, Inc./Getty Images
Notorious FTX founder Sam Bankman-Fried has been released from jail on $250 million bail. The former crypto-billionaire will remain in house arrest pending his trial, where he will be charged with eight separate criminal offences, including fraud. He is required to wear an electronic monitoring ankle bracelet, live with his parents and receive mental health counseling. Bankman-Fried is prohibited from opening new lines of credit over $1,000.
Elon Musk has officially confirmed that he will step down as CEO of Twitter once he finds a replacement.
Dimitrios Kambouris/Getty Images/Met Museum/Vogue/Getty Images
Elon Musk has announced that he will officially step down after finding a successor after posting a tweet calling for his resignation as CEO. Musk had earlier told consumers he would “celebrate the results.” [the] poll” and ultimately received over 17.5 million votes, accounting for 57.5 percent of the vote.
Musk issued a follow-up statement saying he would step down until he found enough CEOs, or in other words, “a fool to keep the job!” The entrepreneur does not completely leave the company. Although he is stepping down as CEO, he still plans to run the software and server teams.
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