Elon Musk's X Faces $386K Penalty In Australia For Dodging Child Abuse Probe
Portfolio Pulse from Ananya Gairola
Elon Musk's social media platform, X, has been fined $386,000 by the Australian e-Safety Commission for inadequate compliance with an investigation into child abuse prevention measures. Alphabet Inc.'s Google has also been warned for not fully complying with requests for information about child abuse content. Under Australian laws, internet companies can be compelled to provide information about their online safety practices or face financial penalties.
October 16, 2023 | 2:06 am
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NEGATIVE IMPACT
Google, led by Sundar Pichai, has been warned by the Australian e-Safety Commission for not fully complying with requests for information about child abuse content.
The warning from the Australian regulator could potentially harm Google's reputation and trust among its users, which could negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Alphabet Inc., parent company of Google, has been warned by the Australian e-Safety Commission for Google's non-compliance with requests for information about child abuse content.
The warning from the Australian regulator could potentially harm Alphabet Inc.'s reputation and trust among its users, which could negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50