X Platform Settles Trump Lawsuit for $10 Million
Elon Musk's social media platform, X, has agreed to pay approximately $10 million to resolve a lawsuit filed by former U.S. President Donald Trump against the company and its previous CEO, the Wall Street Journal reported on Wednesday.
Initially, Trump's team considered letting the lawsuit lapse due to their close relationship with the billionaire, who contributed $250 million to Trump's election campaign. However, they ultimately proceeded with the settlement, according to the report.
X has not yet responded to Reuters' request for comment.
The settlement follows Meta Platforms' agreement last month to pay $25 million in a separate lawsuit filed by Trump over the suspension of his accounts after the January 6, 2021, Capitol attack.