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Australia fines X for not answering questions on child abuse content (www.cnbc.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Australia fines X for not answering questions on child abuse content::The social media platform has 28 days to respond to or pay the fine of 610,500 Australian dollars.

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[–] jonne@infosec.pub 22 points 1 year ago

Not sure about that, there's not exactly a lot of money flowing into the company since nobody's paying for Twitter blue, and he's only attracting the lowest rung of advertisers (drop shipping and crypto scams, essentially), and loans have become expensive.

The EU is also on a similar path, and their fines are actually denominated in percentages of revenue.