Twitter has agreed to pay a $150 million fine. The group is accused by American justice of having, between 2013 and 2019, deceived its users by using their personal data (telephone numbers, e-mail addresses, etc.). The goal? Allow companies to send targeted advertisements to platform subscribers by making them think that this data collection was intended to secure their accounts.
(Again) something new with Elon Musk
This practice has affected more than 140 million Twitter users and helped increase the main source of revenue, said Lina M. Khan, president of the FTC (American Competition Authority). It was the American Minister of Justice who announced that an agreement had been reached with the group which, for its part, evokes an incident. In addition to a fine to pay, the latter also has new obligations to respect in the field of data confidentiality. At the same time, Elon Musk (Tesla) has announced that it will raise its contribution for the takeover of Twitter. It thus spends 33.5 billion dollars, which makes it possible to lower the amount borrowed from banking establishments. It goes from 25.5 billion dollars to 13 billion dollars as indicated in a document from the SEC (United States Market Authority). Following this announcement, the action of Twitter took, Wall Street, more than 5%.