A $ 250 million fine he risks paying the Twitter, for abuse of data of its users, who as they discovered their personal security information was used to create targeted ads.
Such as Reported to the US Securities and Exchange Commission, the platform social networking revealed that she fears she will be severely punished by the Federal Trade Commission (FTC) for actions that took place between 2011 and 2019.
Twitter admits to "accidentally" receiving phone numbers and emails, which are provided for security reasons 2FA and used them to promote targeted ads.
In the filing, the company stated that it received a complaint from the FCA on July 28, for infringement a 2011 consent order issued by government, in order to prevent Twitter from misleading users about safety of his data.
"The company estimates that the range of potential losses in this matter is $ 150 to $ 250 million and has recorded an accrued amount of $ 150 million," Twitter said.
"The issue remains unresolved and there can be no assurance as to the timing or conditions of any final outcome."
At the time the violation was revealed, Twitter said it was unable to determine how many users were affected.
Problems arose when phone numbers and email addresses were paired with third-party marketing listings provided by advertisers using the company's "custom audience" feature, which helps marketers target specific users.
Last July, the Facebook has been fined $ 5 billion by the FTC for a number of offenses, including one similar to that committed by Twitter. The news follows the news of a big Twitter hack that took place a few weeks ago, which affected accounts of famous users, such as Elon Musk, Jeff Bezos and Barack Obama.