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| Twitter faces a fine of $ 250 million |
Twitter said: The Federal Trade Commission may soon be fined $ 250 million for misuse of phone numbers and email addresses.
Potential fines are caused by violations of the FTC's Twitter agreement in 2011, which has not misled consumers about how their personal information is protected.
After the hackers repeatedly gained administrative control over social media services, Twitter agreed to the deal.
According to the agreement, Twitter should not mislead people about the measures it takes to protect its security and privacy.
Between 2013 and 2019, Twitter used the phone number and email address provided to ensure security. How to help target ads.
Twitter rediscovered the practice in October, calling it coercive, describing it as a mistake.
FTC clearly believes that Twitter has misled consumers by not disclosing the possibility of using its data in this manner.
Twitter said: The commission sent a draft complaint on July 28, describing the alleged violation of the 2011 agreement.
Twitter users should provide information such as phone numbers to protect their account with services like two-factor authentication.
The social media platform estimates the potential loss at $ 150-250 million, and provided $ 150 million for this.
Twitter wrote in a regulatory document submitted to the Securities and Exchange Commission: "This matter remains unresolved and cannot guarantee the timing or conditions of the final results."
A Twitter spokesman said: The company provided an estimate of the settlement. The complaint was received on July 23 after the quarterly results were presented.
The committee has previously reached an agreement with Facebook in excess of $ 5 billion. This is the highest fine in the history of the committee because the company runs poorly used user data.
The complaint was issued against Twitter days after the publication of the latest financial results, as the company generated $ 683 million in the second quarter of 2020.
There was also about two weeks of hacking on the platform with sensitive accounts, including accounts (Joe Biden), (Barack Obama), (Bill Gates) and (Jeff Bezos).