Meta Settles Trump Lawsuit Over Social Media Ban

Meta has agreed to pay $25 million to settle a lawsuit filed by former President Donald Trump over the suspension of his social media accounts following the January 6 Capitol riot. Of this settlement, $22 million will be allocated to Trump's presidential library, with the remainder covering legal fees and other plaintiffs. Despite the financial settlement, Meta admitted no wrongdoing. This resolution follows efforts by Meta CEO Mark Zuckerberg to repair relations with Trump after his 2024 election victory, including direct discussions at Mar-a-Lago. The lawsuit highlighted ongoing tensions between Trump and social media platforms over account suspensions and alleged censorship. Additionally, Meta's recent financial performance has been strong, with significant revenue growth driven by increased advertising revenues and a commitment to advancing AI technologies.