financetom
Business
financetom
/
Business
/
Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended accounts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended accounts
Jan 29, 2025 5:22 PM

(Reuters) - Meta Platforms on Wednesday said it has agreed to pay about $25 million to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan. 6, 2021, attack at the U.S. Capitol.

Trump filed lawsuits against Twitter Inc, now known as X, Facebook Inc and Alphabet Inc's Google, as well as their chief executives in July 2021, alleging they unlawfully silence conservative viewpoints.

Trump's Facebook and Instagram accounts were suspended after his supporters launched an assault on the U.S. Capitol following a speech by him repeating false claims that his election defeat was the result of widespread fraud.

Out of the settlement amount, $22 million will go towards a fund for Trump's presidential library, and the rest to legal fees and other plaintiffs in the case.

Facebook parent Meta filed a notice regarding the settlement in a federal court in San Francisco.

Discussions about the lawsuit, which had not gotten very far since the fall of 2023, started again after Meta CEO Mark Zuckerberg visited Trump's Florida Mar-a-Lago club for a dinner with him in November, according to the Wall Street Journal, which first reported the news.

The Zuckerberg-led social media giant has been attempting to mend relations with a leader who has railed against its political content policies and threatened its CEO with imprisonment.

In a departure from its past practice, Meta in December announced a $1 million contribution to Trump's inaugural fund.

Meta ended its diversity, equity and inclusion (DEI) programs in January, and also scrapped its U.S. fact-checking program and reduced curbs on discussions around contentious topics such as immigration and gender identity.

It named prominent Republican Joel Kaplan as its chief global affairs officer and elected Dana White, CEO of Ultimate Fighting Championship (UFC) and close friend of Trump, to its board.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Gatx Insider Sold Shares Worth $294,437, According to a Recent SEC Filing
Gatx Insider Sold Shares Worth $294,437, According to a Recent SEC Filing
Mar 11, 2024
02:01 PM EDT, 03/11/2024 (MT Newswires) -- Kevin Hillesland, Senior Vice President, Structured Finance, on March 08, 2024, sold 2,200 shares in Gatx ( GATX ) for $294,437. Following the Form 4 filing with the SEC, Hillesland has control over a total of 7,711 shares of the company, with 7,711 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/40211/000156218024002524/xslF345X03/primarydocument.xml Price: 132.27, Change: -0.49,...
US transport chief expects Boeing to cooperate with DOJ, NTSB in 737 MAX probes
US transport chief expects Boeing to cooperate with DOJ, NTSB in 737 MAX probes
Mar 11, 2024
WASHINGTON, March 11 (Reuters) - U.S. Transportation Secretary Pete Buttigieg said he expects Boeing ( BA ) to cooperate in investigations by the Justice Department and National Transportation Safety Board into the Jan. 5 Alaska Airlines 737 MAX 9 mid-air emergency. We respect the independence of DOJ and NTSB doing their own work, but we're not neutral on the question...
Eagle Pharmaceuticals CFO Resigns; Shares Fall
Eagle Pharmaceuticals CFO Resigns; Shares Fall
Mar 11, 2024
02:05 PM EDT, 03/11/2024 (MT Newswires) -- Eagle Pharmaceuticals ( EGRX ) shares fell 6% in recent Monday trading after Brian Cahill resigned as chief financial officer on Friday, effective immediately. The company said in a regulatory filing that its board has instituted a search for Cahill's successor and named Steven Ratoff as interim CFO. Ratoff remains a member of...
BioNTech to Present Clinical Data Updates on Cancer Vaccine Candidates
BioNTech to Present Clinical Data Updates on Cancer Vaccine Candidates
Mar 11, 2024
02:03 PM EDT, 03/11/2024 (MT Newswires) -- BioNTech (BNTX) said Monday it will present clinical data updates on select investigational cancer vaccines from its pipeline at the annual meeting of the American Association for Cancer Research in San Diego, California, in April. The company will present longer-term follow-up data on the individualized mRNA-based candidate autogene cevumeran in patients with pancreatic...
Copyright 2023-2026 - www.financetom.com All Rights Reserved