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- Twitter is under investigation by the FTC and could face a fine of anywhere between $150 million to $250 million, the company disclosed in a regulatory filing Monday.
- Twitter said the FTC notified it of allegations that it improperly targeted ads at users based on information they had provided for "safety and security purposes," in violation a 2011 agreement.
- Twitter admitted last year that it had "inadvertently" targeted users with ads based on information they had provided to better secure their accounts.
- The company's privacy and security practices have come under renewed scrutiny following a major hack last month that resulted in dozens of high-profile accounts being compromised.
- Visit Business Insider's homepage for more stories.
Twitter disclosed in a regulatory filing Monday that it is under investigation by the Federal Trade Commission related to allegations that it violated a 2011 consent agreement — and that it's expecting a "probable loss" of somewhere between $150 million and $250 million.
"Following the announcement of our Q2 financial results, we received a draft complaint from the FTC alleging violations of our 2011 consent order. Following standard accounting rules we included an estimated range for settlement in our 10Q filed on August 3," a Twitter spokesperson told Business Insider. A spokesperson for the FTC declined to comment.
See the rest of the story at Business Insider
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