Investing.com -- Elon Musk’s company, X, has agreed to a settlement of approximately $10 million in a lawsuit filed by Donald Trump, as reported by Wall Street Journal, citing sources familiar with the matter. This settlement makes X the second social media platform to address litigation initiated by Trump, following the removal of his account due to his involvement in the riot at the U.S. Capitol on January 6, 2021.
The lawsuit was filed by Trump and other plaintiffs in 2021 against the company, which was known as Twitter at the time, and its then-CEO, Jack Dorsey. Trump’s access to the platform was restored by Musk in November 2022.
There was consideration within Trump’s team to let the lawsuit dissolve, given Musk’s close ties with the president and his contribution of $250 million to Trump’s election campaign. Despite the close relationship between Trump and Musk, the decision was made to proceed with the settlement.
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