The parent company of Facebook, Meta, will disburse 25 million dollars to resolve a lawsuit by President Donald Trump, according to several media, ending the dispute caused after the president was suspended from the target platforms after the attack on the Capitol of 6 January, a measure that occurs while target relieves tensions with Trump.
Key data
Meta agreed to pay approximately 25 million dollars to end the 2021 demand, according to The New York Times, solving Trump’s legal challenge, which argued that the social media platform unfairly censored it when his Facebook and Instagram accounts were suspended Following the Capitol attack.
Approximately 22 million dollars of the amount of the agreement will go to the Trump Presidential Library, while the rest will go to the legal fees and other plaintiffs involved in the case, said The Wall Street Journal, citing anonymous people familiar with the agreement They pointed out that Meta did not admit having acted badly.
Trump signed the agreement in the White House on Wednesday, according to CNN, which cited an anonymous source that said Trump and the executive director of Meta, Mark Zuckerberg, discussed the lawsuit in November after Trump’s choice.
Trump’s Facebook and Instagram accounts were restored in January 2023, but one of Trump’s lawyers argued before the court that the accounts continued to have a paralyzer effect and were subject to higher sanctions than usual in case of recidivism.
Meta did not comment on the demand, but confirmed the Journal’s report on the matter.
Forbes assessment
We estimate Trump’s net assets at 5.8 billion dollars and Zuckerberg at 233.6 billion dollars as of Wednesday.
What is Mark Zuckerberg’s relationship with Donald Trump?
Zuckerberg has amended his links with Trump in recent months, an important change after Trump once said that Zuckerberg deserved to “spend the rest of his life in prison.” The Meta executive director did not support Trump during the 2024 elections, although he did praise Trump after he was almost killed last summer. Zuckerberg, who said in a goal call call on Wednesday that the Trump administration “prioritizes that American technology wins,” attended Trump’s possession after he put $ 1 million to the president’s opening fund. Zuckerberg also recently announced that the company will abandon its fact verification program, eliminating the measures that were in the center of Trump’s bias accusations. Zuckerberg has also approached Trump’s colleagues, and recently incorporated the president of the UFC, Dana White, an old friend of Trump, to the Meta Board of Directors. Trump, on the other hand, said that the goal policy changes were “probably” related to their threats against Zuckerberg.
Tangent
The co -founder of Amazon, Jeff Bezos, has also sought to improve his relationship, once conflictive, with Trump after the election, donating a million dollars to the president inaugural and saying at the New York Times of the Summit Optimistic ”on Trump’s second mandate.
Surprising data
Meta is not the only company that has resolved legal claims with Trump after his return to power. Last month, ABC reached an agreement with Trump for 15 million dollars for a defamation law More demands against the media. Like the Meta agreement, most of ABC’s money will be allocated to the Trump presidential library. As reported, CBS has considered an agreement with Trump for the president’s demand that accuses her of “electoral interference” for the way he published an interview with Kamala Harris, and requests compensation of 10,000 million dollars, according to The Wall Street Journal.
Key history
Trump’s target accounts were suspended shortly after dozens of their supporters were mutinied in the Capitol on January 6, 2021, and Zuckerberg said at that time that Trump had chosen “to use his platform to condon instead of condemning the actions of its supporters ”. In the summer of 2021, Trump was suspended for two years. His accounts were later restored in 2023 with railings to deter repeated infractions of Facebook policies. Trump was also suspended from Twitter following the attack on the Capitol. The account was restored in 2022, shortly after Trump’s technological and supporter billiona An alternative social media application owned by Trump Media and Technology Group.
This article was originally published by Forbes Us.
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