Twitter to pay $150M penalty over privacy of users' data

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Twitter has been ordered to pay a multi-million dollar penalty over privacy violations In an announcement Wednesday regulators with the Justice Department and the Federal Trade Commission said Twitter failed to protect users over a 6 year span They say Twitter violated an FTC order issued in 2011 after serious security breaches the company failed to disclose that user's private contact information allegedly collected for security purposes was used to let companies send targeted ads The company has been ordered to pay a $150 million fine and put in new safeguards In a federal lawsuit the regulators are also alleging that Twitter falsely claimed it was complying with international privacy agreements The announcement came on the same day as Twitter's annual shareholders meeting Jack Dorsey's last day on Twitter's board

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