Elon Musk's X to Pay Trump $10M to Settle Lawsuit

Settlement Reached Between X and Donald Trump

Elon Musk’s X platform has reached an agreement to compensate former President Donald Trump with $10 million. This resolves a legal dispute originating during the period when the platform operated as Twitter under the ownership of Jack Dorsey.

Background of the Lawsuit

The core of the lawsuit centered on Twitter’s decision to ban President Trump following the events of January 6th. This occurred after supporters of the former president breached the U.S. Capitol building.

Consideration of Dismissal

Sources indicate that Trump’s legal team contemplated allowing the lawsuit to lapse. This consideration stemmed from the strengthening rapport between President Trump and Elon Musk over the preceding two years.

Musk's Actions and Support

In 2022, Elon Musk personally reinstated Trump’s access to the Twitter platform. Furthermore, he has reportedly invested over $250 million in support of Trump’s 2024 presidential campaign.

A joint press conference was recently conducted by Musk and Trump directly from the Oval Office this week.

Settlement Despite Close Ties

Despite the burgeoning relationship with Musk, the Trump team proceeded with the settlement agreement. This mirrors a similar resolution reached in January, where Meta agreed to a $25 million settlement in a related legal matter.

The agreement brings closure to a significant legal challenge faced by X, formerly Twitter, and acknowledges the impact of its past decisions regarding President Trump’s account.