Twitter is going to pay a $150 million penalty for ‘serious lapses’ in protecting users’ privacy.
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To resolve federal regulators' charges that Twitter failed to secure the privacy of user data for six years, the social media company will pay a $150 million penalty and implement new protections. The settlement with Twitter was announced on May 26 by the US Justice Department and the Federal Trade Commission. Twitter allegedly breached a 2011 Federal Trade Commission (FTC) ruling by misleading users about how well it kept and protected their nonpublic contact information, according to the regulators.