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New Delhi, Tech Desk. Microblogging company Twitter has agreed to pay US$150 million (about Rs 1,164 crore) to settle the allegations against it. According to court documents filed on Wednesday, the company has misused personal information such as phone numbers to receive advertisements in the name of using personal information of users for security reasons. Additionally, Twitter is accused of misrepresenting the “security and privacy” of user data between May 2013 and September 2019.

Under the agreement announced by the Justice Department and the Federal Trade Commission (FTC), the company will pay approximately Rs 1,164 crore to the US Court. In addition, Twitter has been instructed to improve its compliance practices. The complaint said the company violated the FTC Act and a 2011 agreement with the agency. Let us tell you that Twitter told users that it collected their telephone numbers and email IDs to secure their accounts. But it did not reveal that the company also used user information to help advertisers reach their preferred audience.

Twitter’s chief privacy officer, Damien Kieran, said in a statement that with the agreement “we have entered into an alliance with the agency on operation updates and program enhancements to protect user privacy and security. For information, please note that Twitter is a free The service, which mainly makes money through advertising. Billionaire Elon Musk, who is buying it for $ 44 billion (about Rs 3,41,300 crore), has criticized its advertising-driven business model.

Musk commented on the social media company’s advertising rules and fines in a tweet late Wednesday. US officials said that in 2019, Twitter earned $ 3.4 billion (about Rs 26,389 crore), of which about $3 billion (about Rs 23,284 crore) was from advertising.