San Francisco. Twitter has revealed that the US Federal Trade Commission (FTC) may face fines of up to $ 250 million on behalf of the company in an investigation related to improper use of users' phone numbers and email IDs for the benefit of the advertisement. The company received a complaint from the FTC on July 28, alleging a violation of Twitter's consent order with the FTC in 2011, and how the company's personal information was protected by the company. Do not mislead them.
Twitter said during its second quarter financial filing on Monday that the allegation was from the use of data related to the company's phone number and / or email ID for security purposes for targeted advertising between the period 2013 to 2019.
Twitter said that the company estimated the potential loss in this context would be between $ 150 million to $ 250 million and the company received $ 150 million.
The company further said that the matter has not been resolved yet and no definite time frame can be assured about when the final results will be received.
This post was published on August 4, 2020 4:33 pm
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