Wow pocket change. Why fines always so little. This be like fining the average person 3 cents. This will not stop them from just doing it again.
Needs to be a large percentage of thier gross wealth. Musk one riches men in the world and fine him billions.
Elon is just going to lay off one more engineer to make up the difference and then some.
cool. lets see his company crumble under his poor choices
The fines start small, it's the same in the EU. Then they get bigger until you're being threatened with 40% of worldwide revenue.
Wow that's over 50% of the platform's current value!
Remember when all the Musk fanboys were claiming that Musk cleaned up the CSAM and anybody who opposed him was obviously a pedophile? Pepperidge Farm remembers.
He saved our children from the cave rescue menace.
Musk won’t pay — like all other fines (invoices, rent), he commands his CEO to ignore them. He’ll say it’s “too high.”
This is the best summary I could come up with:
SYDNEY, Oct 16 (Reuters) - An Australian regulator has fined Elon Musk's social media platform X A$610,500 ($386,000) for failing to cooperate with a probe into anti-child abuse practices, a blow to a company that has struggled to keep advertisers amid complaints it is going soft on moderating content.
Though small compared to the $44 billion Musk paid for the website in October 2022, the fine is a reputational hit for a company that has seen a continuous revenue decline as advertisers cut spending on a platform that has stopped most content moderation and reinstated thousands of banned accounts.
Most recently the EU said it was investigating X for potential violation of its new tech rules after the platform was accused of failing to rein in disinformation in relation to Hamas's attack on Israel.
"If you've got answers to questions, if you're actually putting people, processes and technology in place to tackle illegal content at scale, and globally, and if it's your stated priority, it's pretty easy to say," Commissioner Julie Inman Grant said in an interview.
Under Australian laws that took effect in 2021, the regulator can compel internet companies to give information about their online safety practices or face a fine.
Inman Grant said the commission also issued a warning to Alphabet's (GOOGL.O) Google for noncompliance with its request for information about handling of child abuse content, calling the search engine giant's responses to some questions "generic".
The original article contains 625 words, the summary contains 239 words. Saved 62%. I'm a bot and I'm open source!
This is a most excellent place for technology news and articles.
