Meta to Pay $25 Million in Trump Censorship Lawsuit Settlement

Meta has reached a $25 million settlement with former President Donald Trump, ending a 2021 lawsuit in which he claimed the company unfairly blocked his Facebook and Instagram accounts following the Capitol riot. Sources close to the matter revealed the agreement marks a notable shift for the tech giant.

This payout is a win for Trump, who has long accused social media platforms of silencing conservative voices. In recent months, Trump has built bridges with tech leaders like Elon Musk and Meta’s CEO, Mark Zuckerberg. Zuckerberg has backed Trump and has made significant changes to Meta’s policies, including broadening the range of permitted speech on its apps like Facebook, Instagram, Threads, and WhatsApp. However, these moves have sparked internal debate among employees.

The settlement follows a similar $15 million agreement between Trump and ABC News in December over a defamation lawsuit. That money was pledged to Trump’s future presidential foundation, and the network issued a statement expressing regret over comments made about him.

Meta didn’t comment on the settlement, but the company reported a strong financial quarter, with revenue jumping 21% to $48.4 billion, beating Wall Street predictions. Profit also surged to $20.8 billion, up from $14 billion the previous year. Zuckerberg highlighted progress in areas like AI and wearable tech, expressing optimism for Meta’s future.

This story is still developing. Stay tuned for updates.


Meta to Pay $25 Million in Trump Censorship Lawsuit Settlement
https://www.99newz.com/posts/meta-trump-lawsuit-settlement-3292
Author
99newz.com
Published at
2024-12-16
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CC BY-NC-SA 4.0