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(Reuters) – The U.S. Federal Commerce Fee is probing Twitter Inc (N:) for alleged violations of a legislation that forestalls the social community from utilizing private knowledge supplied for safety functions to focus on adverts, the corporate disclosed on Monday.
In a regulatory submitting, Twitter mentioned it obtained a draft FTC criticism alleging violations between 2013 and 2019.
Twitter mentioned it estimates possible lack of between $150 million and $250 million in settlement costs, and has already recorded $150 million of that estimate in accrual associated to the allegations.
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