Twitter Braces for FTC Fine of $150 Million to $250 Million

The commission is investigating the social network’s use of phone numbers for ad targeting

Twitter revealed in a Form 10-Q filing with the Securities and Exchange Commission Monday that the Federal Trade Commission is investigating the company over its use of phone numbers for ad targeting, which came to light last October.

The company said in its filing that it is anticipating a potential fine of $150 million to $250 million.

For context, Twitter reported $3.46 billion in revenue for the full year of 2019, and $250 million would represent a little over 7% of that total.

Also for context, the top end of Twitter’s potential fine would pale in comparison to the $5

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