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On February 13th, COINOTAG News reported that Musk’s X Company, previously known as Twitter, has reached a settlement estimated at $10 million regarding a lawsuit initiated by former President Trump. This development positions X Company as the second social media network to engage in a settlement agreement with Trump, following a series of account suspensions related to his role in the January 6th Capitol riot. The legal actions were originally filed in 2021 against the former Twitter under CEO Jack Dorsey, prior to Musk’s acquisition. After unblocking Trump’s account in November 2022, it was revealed that the Trump team had contemplated discontinuing the lawsuit, possibly influenced by Musk’s prior support and significant financial contributions towards Trump’s electoral efforts. Ultimately, they opted to move forward with the settlement, though a spokesperson from X Company has yet to comment on the matter.
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