Twitter Settles with FTC for "Misleading Consumers"

Twitter has settled charges brought by the Federal Trade Commission that it "deceived consumers" by allowing hackers to obtain administrative control over Twitter because of loose security. The FTC said that the popular social networking site allowed hackers in 2009 to obtain "tweets," the 140-character micro-blogs users sent out, that were designated private and send out phony tweets pretending to be from then-President elect Barack Obama and Fox News, among others.