Top Stories

Tech Breaking News, Photos, and Videos

Twitter Could Pay Up To $250 Million For FTC Violation

Twitter owes some major money to the Federal Trade Commission.

The company, according to a report from The Hollywood Reporter, is expected to pay at least $150 million to $250 million after violating the terms of their 2011 consent order from the commission.

The quarterly 10-Q report says that “the allegations relate to the Company’s use of phone number and/or email address data provided for safety and security purposes for targeted advertising during periods between 2013 and 2019.”

In more simple terms, this means that the complaint is not related to last month’s hack of prominent accounts, but actually related to the a matter of two-factor authentication where users provide phone numbers and email addresses that were in turn used for ad targeting purposes.

A Twitter spokesperson said, “Following the announcement of our Q2 financial results, we received a draft complaint from the FTC alleging violations of our 2011 consent order. Following standard accounting rules we included an estimated range for settlement in our 10Q filed on August 3.”

With the violation, Twitter has also agreed to build and maintain an information security program to be assessed by an independent auditor for 10 years after the agreement.

Just recently, Twitter established a new company holiday to commemorate this event.

Microsoft Moves Forward in Acquiring TikTok After Donald Trump's Threat To Ban The App in the US

It looks like Microsoft is very serious about buying ownership of TikTok.

Following the weekend news that President Donald Trump was thinking about banning the popular short video app in the country, the tech company released a statement about their plans to acquire the company for operation in the United States.

“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” the company shared in a statement posted on the website.

It continued that the company “would ensure that all private data of TikTok’s American users is transferred to and remains in the United States,” the company says. “To the extent that any such data is currently stored or backed-up outside the United States, Microsoft would ensure that this data is deleted from servers outside the country after it is transferred.”

The Trump Administration weighed their concerns about the app because of its parent company, ByteDance, who may or may not be sharing data of American users with the Chinese government.

After Trump‘s threat to ban, TikTok responded to him over the weekend.