Twitter Expects to Pay 9-Figure Fine For Violating FTC Agreement

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Twitter Expects to Pay 9-Figure Fine For Violating FTC Agreement
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Twitter says that it estimates a “range of probable loss” of between $150 million-$250 million

The company says that it estimates a"range of probable loss" of between $150 million-$250 million.

The company says that it estimates a “range of probable loss” of between $150 million-$250 million and has accordingly recorded an accrual of $150 million relating to the matter. Rather, the complaint is likely related to a matter the company disclosed last year, when it revealed that user phone numbers and email addresses that had been provided for the purposes of two-factor authentication were also used for ad targeting purposes., a Twitter spokesperson said, "Following the announcement of our Q2 financial results, we received a draft complaint from the FTC alleging violations of our 2011 consent order.

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