X reaches $10 million settlement with Trump over prior suspension of his Twitter account

The social media platform X will pay President Trump $10 million to settle a lawsuit over the nearly two-year-long suspension of his account in the wake of the Jan. 6 Capitol insurrection, a person familiar with the matter told CBS News Wednesday.

The White House declined to comment when reached by CBS News.

X, then known as Twitter, banned Mr. Trump from the platform in January 2021, two days after the Capitol riots. At the time, Twitter said the permanent suspension was "due to the risk of further incitement of violence."