Twitter Expects to Pay Up to $250 Million in FTC Fine Over Alleged Privacy Violations
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variety.comTodd Spangler NY Digital EditorTwitter disclosed that it anticipates being forced to pay an FTC fine of $150 million to $250 million related to alleged violations over the social network’s use of private data for advertising.The company revealed the expected scope of the fine in a 10-Q filing with the SEC.
Twitter said that on July 28 it received a draft complaint from the Federal Trade Commission alleging the company violated a 2011 consent order, which required Twitter to establish an information-security program designed to “protect non-public consumer information.”“The allegations relate to the Company’s use of phone number and/or email address data provided for safety and security purposes for targeted advertising during periods.
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