X, the company formerly known as Twitter, has become the first online platform to be issued with a $610,500 fine under Australia’s Online Safety Act for its failure to meet basic online safety expectations.
X has 28 days to either pay the fine, issued by the e-safety commissioner, Julie Inman Grant, or provide responses to questions X ignored from the commissioner on its work to crack down on child sexual abuse material on the platform.
The legal notices were issued to X, Google, TikTok, Twitch and Discord in February following the first round of notices sent to Apple, Meta, Microsoft, Snap and Omegle last year.
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Continuing to use X is feeding the beast. At least dual post
Twitter could run at a loss because of its investors. They were a major public communication platform with a huge user count, so investors were keen to pump money into it because it had the perception of a stable company, and they were probably able to secure loans based on those investments and their assets.
Elon has systematically gutted the company, and destroyed its brand recognition(see how every article that mention it has added a clarification when they mention X)
Their stock took a dive and has now just regained some of its pre musk value, but with the constant news about subscription models and more changes, who knows how long that will last.
Kinda funny since I’ve never had a Twitter or x account but I do have a pemmy account. Obv anecdotal but still
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