Financial disclosures or official announcements from X or Australian authorities

Australian Court Upholds $418,000 Fine Against Elon Musk's X Over Child Protection Reporting

Oct 8, 2024, 08:16 PM

An Australian judge has upheld a fine of A$610,500 (approximately $418,000) against Elon Musk's social media platform X for failing to cooperate with a regulator's request for information about anti-child-abuse practices. The decision marks a significant victory for Australia's efforts to hold global internet companies accountable for their content moderation practices. The fine was originally imposed by a watchdog, and the court's decision to uphold it reinforces the country's stance on stringent regulatory compliance for tech firms operating within its jurisdiction.