FTC probes Twitter over ad targeting practices

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August 4, 2020

The U.S. Federal Trade Commission is probing Twitter Inc for alleged violations of a law that prevents the social network from using personal data provided for security purposes to target ads, the company disclosed on Monday.

Reuters

Last Updated: August 4, 2020, 9:43 AM IST

The U.S. Federal Trade Commission is probing Twitter Inc for alleged violations of a law that prevents the social network from using personal data provided for security purposes to target ads, the company disclosed on Monday.

In a regulatory filing, Twitter said it received a draft FTC complaint alleging violations between 2013 and 2019.

Twitter said it estimates probable loss of between $150 million and $250 million in settlement charges, and has already recorded $150 million of that estimate in accrual related to the allegations.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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FTC probes Twitter over ad targeting practices

The U.S. Federal Trade Commission is probing Twitter Inc for alleged violations of a law that prevents the social network from using personal data provided for security purposes to target ads, the company disclosed on Monday.

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