Meta Platforms, the parent company of Facebook and Instagram, has agreed to pay former President Donald Trump $25 million to settle a lawsuit he filed in 2021 following the suspension of his accounts after the January 6 Capitol riot.
The settlement includes a $22 million contribution to fund Trump’s presidential library and $3 million allocated for legal fees and other plaintiffs involved in the lawsuit. Meta has not admitted to any wrongdoing as part of the agreement.
In a recent investor call, Meta CEO Mark Zuckerberg praised the Trump administration for its support of American tech companies and emphasized the importance of redefining relationships with governments in the coming year.
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