Donald Trump's media company, Trump Media and Technology Group (TMTG) — the parent of his Truth Social platform — has withdrawn its defamation lawsuit against The Guardian, Variety's parent company Penske Media, and a former TMTG whistleblower. The suit stemmed from a 2023 Guardian report that federal prosecutors were investigating $8 million in payments TMTG received from Caribbean-based entities with possible ties to a Putin ally as potential money laundering; TMTG had alleged the reporting was biased and malicious. The dismissal, filed Friday in a Florida court and offering no explanation, marks a rare legal retreat for Trump, who has pursued an aggressive media litigation strategy during his second presidency — securing settlements from ABC and CBS, and maintaining active suits against the New York Times and the BBC.