(ANSA) – ROME, MAY 26 – Twitter negotiates a lawsuit on privacy and agrees to pay 150 million dollars. The lawsuit was filed by the American authorities who accused her of improperly collecting user data between 2014 and 2019. Twitter – says the Department of Justice – has deceived users regarding the protection of privacy: the company that Twitter had in fact told its users that it was collecting their data for security reasons, but had not stated that it would use it for targeted advertising.
Meanwhile, Elon Musk revises his offer for Twitter, abandoning the plan for a Tesla-related margin loan and increasing his equity stake to $ 33.5 billion from the previous $ 27.5 billion. A quota for which he, however, he can seek help from outside and on which he is already working. Musk is in fact trying to raise additional funds for his offer by asking current shareholders, including co-founder Jack Dorsey, to convert their shares in the new company in order to reduce the amount of cash he needs to finance the operation. . (HANDLE).
Source: Ansa
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