Meta Settles With Trump in Lawsuit Over Account Suspension
Meta has agreed to pay $25 million to settle a lawsuit filed by former President Donald Trump after the company suspended his accounts following the January 6, 2021, Capitol attack. This settlement is the latest instance of a large corporation resolving legal disputes with Trump, who has threatened retaliation against his adversaries.
The settlement includes $22 million earmarked for a non-profit organization that will serve as Trump's future presidential library, with the remaining funds allocated towards legal costs and other parties involved in the litigation. This information was disclosed by anonymous sources familiar with the agreement.
The settlement follows Meta and its CEO Mark Zuckerberg's efforts to establish rapport with the new Trump administration, a strategy shared by other large technology corporations.