Correction: Twitter warns about possible $250 million FTC fine
that it expects to lose as much as $250 million for using personal information users provided for security purposes to target advertising instead, after receiving a draft complaint from the Federal Trade Commission.second quarter 10-Q financial filing
The estimate comes after the FTC sent a draft complaint to Twitter on July 28 for violating the company's 2011 consent order with the federal agency. That consent order required Twitter to establish and maintain a comprehensive security program and barred the company from misleading consumers about the extent of its security and privacy practices.
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