Meta, the parent company of Facebook and Instagram, has agreed to pay former U.S. President Donald Trump $25 million to settle a lawsuit over the suspension of his social media accounts.
Trump filed the lawsuit in 2021 after Meta suspended his accounts following the January 6 Capitol riot. The settlement represents a major concession from the tech giant and a win for Trump, who has long criticized social media platforms for alleged censorship.
During Meta’s quarterly earnings call on Wednesday, CEO Mark Zuckerberg praised the Trump administration’s support for American tech companies and emphasized the importance of redefining relationships with governments.
According to The Wall Street Journal, approximately $22 million from the settlement will go toward funding Trump’s presidential library, while the remaining $3 million will cover legal fees and compensation for other plaintiffs involved in the case.
Meta, however, has not admitted to any wrongdoing as part of the agreement.
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