Elon Musk's X loses Australia child protection compliance lawsuit
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An Australian court upheld a fine against Elon Musk's X Corp for violating child protection laws by failing to provide required information. The company admitted wrongdoing after a nearly three-year dispute, resulting in a fine increase to A$650,000, plus A$100,000 for legal costs. The case highlighted issues of compliance during a transition period for the company, which is preparing for a potential trillion-dollar IPO.
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