WASHINGTON: 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.
Itâs 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 people said that terms of the agreement include $22 million going to the nonprofit that will become Trumpâs future presidential library and the balance going to legal fees and other litigants.
Zuckerberg visited Trump in November at his private Florida club as part of a series of technology, business and government officials to make a pilgrimage to Palm Beach to try to mend fences with the incoming president. At the dinner, Trump brought up the litigation and suggested they try to resolve it, kickstarting two months of negotiations between the parties, the people said.
Meta also made a $1 million donation to Trumpâs inaugural committee and Zuckerberg was among several billionaires granted prime seating during Trumpâs swearing-in last week in the Capitol Rotunda, along with Googleâs Sundar Pichai, Amazonâs Jeff Bezos and Elon Musk, who now owns the platform X, formerly known as Twitter.
Ahead of Trumpâs inauguration, Meta also announced that it was dropping fact-checking on its platform â a longtime priority of Trump and his allies.
Trump filed the suit months after leaving office, calling the action by the social media companies âillegal, shameful censorship of the American people.â
Twitter, Facebook and Google are all private companies, and users must agree to their terms of service to use their products. Under Section 230 of the 1996 Communications Decency Act, social media platforms are allowed to moderate their services by removing posts that, for instance, are obscene or violate the servicesâ own standards, so long as they are acting in âgood faith.â The law also generally exempts Internet companies from liability for the material that users post.
But Trump and some other politicians have long argued that X, formerly known as Twitter, Facebook and other social media platforms, have abused that protection and should lose their immunity â or at least have it curtailed.
The Meta settlement comes after ABC News agreed last month to pay $15 million toward Trumpâs presidential library to settle a defamation lawsuit over anchor George Stephanopoulosâ inaccurate on-air assertion that the president-elect had been found civilly liable for raping writer E. Jean Carroll.
The network also agreed to pay $1 million in legal fees to the law firm of Trumpâs attorney, Alejandro Brito.
The settlement agreement describes ABCâs presidential library payment as a âcharitable contribution,â with the money earmarked for a non-profit organization that is being established in connection with the yet-to-be-built library.
The Wall Street Journal was first to report on the settlement.
Meta agrees to pay $25 million to settle lawsuit from Trump after Jan. 6 suspension
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Meta agrees to pay $25 million to settle lawsuit from Trump after Jan. 6 suspension
