Todd Spangler reports:
Twitter disclosed that it anticipates being forced to pay an FTC fine of $150 million to $250 million related to alleged violations over the social network’s use of private data for advertising.
The company revealed the expected scope of the fine in a 10-Q filing with the SEC. Twitter said that on July 28 it received a draft complaint from the Federal Trade Commission alleging the company violated a 2011 consent order, which required Twitter to establish an information-security program designed to “protect non-public consumer information.”
Read more on Variety. You can also find coverage on the New York Times.