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Meta has agreed to pay President Donald Trump $25 million to settle a 2021 lawsuit stemming from the social network's decision to suspend Trump's Facebook account following the riots at the US Capitol on January 6, 2021.
According to The Wall Street Journal, there had been "little activity" surrounding the lawsuit until Meta CEO Mark Zuckerberg flew to Mar-a-Lago following the election. "Toward the end of the November dinner, Trump raised the matter of the lawsuit," The Journal reports. "The president signaled that the litigation had to be resolved before Zuckerberg could be ‘brought into the tent.'" Much of the settlement will reportedly go toward funding Trump's presidential library.
Settling the lawsuit is the latest step Zuckerberg and Meta have taken to appease Trump, who at one point during the campaign threatened to imprison the Facebook founder for "plotting" against him. Following the election, Zuckerberg ended Meta's longtime
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President Trump had sued Meta and other tech firms in 2021, arguing that he had been wrongfully censored by them. Meta also reported revenue and profit growth for the fourth quarter.
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