The US Department of Justice announced Wednesday that Twitter will pay a $150 million fine as part of a settlement to settle a lawsuit that alleges the platform provided its users’ phone numbers to advertisers.
The Federal Trade Commission and the Justice Department charged Twitter to take the phone numbers and email addresses provided by users to increase the security of their account and to let advertisers use this data to monetize.
Musk raises direct contribution to buy Twitter
Elon Musk raised the sum contributed directly by the businessman and his partners for the purchase of Twitter to 33.5 billion dollars, further lowering the amount of bank credit.
Musk, who had initially underwritten $25.5 billion in loans, reduced those loans to $13 billion, according to the filing filed on Wednesday by the US Securities and Exchange Commission (SEC), considerably lightening his financial burden.
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