Meta will pay $25 million to settle Trump lawsuit over its suspension of his accounts after Jan. 6 Capitol attack
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Meta has agreed to pay $25 million to settle a lawsuit filed by President Donald Trump against the company after it suspended his accounts following the Jan. 6, 2021, attack on the Capitol, according to three people familiar with the matter.
It’s the latest instance of a large corporation settling litigation with the president, who has threatened retribution on his critics and rivals, and comes as Meta and its CEO, Mark Zuckerberg, have joined other large technology companies in trying to ingratiate themselves with the new Trump administration.
The people familiar with the matter spoke on the condition of anonymity Wednesday to discuss the agreement. Two of the people said terms of the agreement include $22 million going to the nonprofit that will become Trump’s future presidential library. The balance will go to legal fees and other litigants, they said.
Meta also made a $1 million donation to Trump’s inaugural committee, and Zuckerberg was among several billionaires granted prime seating during Trump’s swearing-in last week in the Capitol Rotunda, along with Google’s Sundar Pichai, Amazon’s Jeff Bezos and Elon Musk, who now owns the platform X, formerly known as Twitter.
Source: FORTUNE
