Twitter may have to pay a fine of $250 million, know the reason

Twitter has been in the discussions for quite some time and there is no new feature or update due to its being in the discussions. Rather, the privacy of users’ data is there. Due to this, the company may have to pay a fine of $ 250 million. Recently, the account of about 130 high profile celebrities was hacked. This included many big personalities such as Barack Obama, Bill Gates, Jeff Bezos, and Elon Musk.

Since then, there are constant questions about the privacy of users on Twitter. At the same time, Twitter itself has revealed that the company may face a fine of $ 250 million for misusing users’ data.

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Twitter has revealed that the US Federal Trade Commission (FTC) may face a $ 250 million fine on Twitter in an investigation involving misuse of users’ phone numbers and emails for the benefit of the advertisement. The report stated that Twitter received a draft complaint from the FTC on July 28 alleging Twitter for violating the consent order with the FTC in 2011, and how the company protects users’ personal data. And do not mislead users about this.

Whereas Twitter said on Monday during its second-quarter financial filing that ‘the allegations relate to the data of phone numbers and email addresses provided for targeted advertising during 2013 and 2019 for security and security purposes’. In this case, the range of potential damages is $ 150 million to $ 250 million and the company has recorded an amount of $ 150 million.

The company also said that ‘this matter cannot be resolved and no assurance can be given as to when the final results will be received.’