Twitter disclosed during a regulatory filing that it could face a fine of up to $250 million from US authorities over its use of phone numbers and email addresses to focus on advertisements.
The company received a complaint from the Federal Trade Commission on July 28 alleging it had used data "provided for safety and security purposes for targeted advertising during times between 2013 and 2019," it said within the filing. Twitter estimates the complaint could end in a loss of between $150 million and $250 million, it said.
The social media company admitted last October that it had "inadvertently" targeted ads at users through contact details that they provided for security purposes. Twitter users are asked to supply information like their telephone number to assist secure their account through services like two-factor authentication.
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The FTC declined to comment. The agency previously reached a $5 billion settlement with Facebook — the most important fine within the commission's history — over the company's mishandling of user data.
The complaint against Twitter came a couple of days after the company's latest income statement , during which it reported revenues of $683 million for the second quarter of 2020, and around fortnight after a huge hack that compromised high-profile Twitter accounts including those of Joe Biden, Barack Obama, Gates and Jeff Bezos.
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The company received a complaint from the Federal Trade Commission on July 28 alleging it had used data "provided for safety and security purposes for targeted advertising during times between 2013 and 2019," it said within the filing. Twitter estimates the complaint could end in a loss of between $150 million and $250 million, it said.
The social media company admitted last October that it had "inadvertently" targeted ads at users through contact details that they provided for security purposes. Twitter users are asked to supply information like their telephone number to assist secure their account through services like two-factor authentication.
The FTC declined to comment. The agency previously reached a $5 billion settlement with Facebook — the most important fine within the commission's history — over the company's mishandling of user data.
The complaint against Twitter came a couple of days after the company's latest income statement , during which it reported revenues of $683 million for the second quarter of 2020, and around fortnight after a huge hack that compromised high-profile Twitter accounts including those of Joe Biden, Barack Obama, Gates and Jeff Bezos.
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