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Twitter warns of massive fine

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Twitter warned it could be fined hundreds of millions of dollars for allegedly misusing users’ personal data for advertising purposes, Fox Business reports.

The company is expecting a loss of between $150 million and $250 million related to the fine.

A U.S. Securities and Exchange Commission filing by Twitter indicated the Federal Trade Commission recently issued a draft complaint. Twitter is being accused of using phone numbers and email addresses to target advertising.

Read more from Fox Business.

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