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.
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.
But usually in cases like this the fine is only a step in the escalating pressure to comply. Next step is higher fines.