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Twitter will pay a fine of 150 million dollars for violating the privacy of its users' data

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The news coincides with Elon Musk’s announcement of raising to 33.5 billion dollars the sum that he will contribute directly and with his partners for the purchase of the platform

Twitter will pay a $150 million fine as part of a settlement to resolve a lawsuit by federal regulators, who allege the platform did not protected the privacy of the data of its users for a period of six years, announced the Department of Justice and the US Federal Trade Commission.

According to the indictment, From May 2013 to September 2019, Twitter provided various companies with the telephone numbers and email addresses that it requested from users with the alleged purpose of increasing the security of their accounts, information that allowed those companies to send advertisements online. ea to earn dividends.

Regulators also alleged that the social media platform falsely claimed that complied with US privacy agreements with the European Union and Switzerland, which prohibit companies from processing user information in ways contrary to the purposes authorized by themselves.

“Twitter obtained user data under the guise of exploiting it for security purposes, but then also ended up using the data to target users with ads,” Commission Chair Lina Khan said. “This practice affected more than 140 million users of Twitter, while at the same time prompting the Twitter’s main source of income”.

In addition to paying the fine, the platform must implement new security measures that guarantee data privacy. At the same time, you will have to notify the terms of the agreement to all US customers who joined the social network before September 17, 2019, and provide them with options to protect their privacy and security.

The news coincides with Elon Musk’s announcement of raising 33.5 billion dollars the sum that will contribute directly and with its partners for the purchase of the platform. The tycoon had initially signed loans for 25.5 billion dollars and has now reduced those credits to 13 billion, according to the document registered on Wednesday by the US Securities and Exchange Commission, cited by AP.

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