Elon Musk's X Company Settles with Trump for $10M

Elon Musk's X Company, formerly known as Twitter, has reached a settlement with former U.S. President Donald Trump, ending a legal dispute that began in 2021. The settlement, estimated at $10 million, comes amidst continued controversies surrounding the social media platform and its handling of Trump's account following the January 6th Capitol riot.

The lawsuit was initially filed against the former Twitter under CEO Jack Dorsey, prior to Elon Musk's acquisition of the company. After Musk unblocked Trump's account in November 2022, it was reported that Trump's team had considered dropping the lawsuit, potentially influenced by Musk's prior support and financial contributions towards Trump's electoral efforts. However, they ultimately decided to proceed with the settlement, and a spokesperson from X Company has yet to comment on the matter.

This settlement marks the second time a social media network has reached an agreement with Trump, following a similar case involving Facebook. The legal actions were sparked by Trump's account suspensions, which were imposed due to his role in the January 6th Capitol riot. Musk's decision to unblock Trump's account in November 2022 reignited debates about free speech and content moderation on social media platforms.

The settlement between X Company and Trump comes as Musk continues to face criticism and controversies related to his management of the social media platform. Since acquiring Twitter, Musk has implemented significant changes, including layoffs, algorithm modifications, and the introduction of new features like Twitter Blue. These changes have sparked both praise and backlash from users and industry experts alike.

The settlement with Trump is just one of many legal challenges that X Company has faced in recent months. Musk has also been involved in disputes with various individuals and organizations, including journalists, advertisers, and even other tech companies. As the company navigates these challenges, it remains to be seen how the settlement with Trump will impact its future operations and public perception.