Meta has agreed to a $25 million settlement with Donald Trump concerning a class action lawsuit he filed after the suspension of his social media accounts post-January 6th insurrection. The settlement will allocate $22 million towards Trump’s presidential library and cover legal fees. This development underscores Trump's influence over corporate entities, especially in light of Zuckerberg's efforts to engage more with him and his administration. Previous similar lawsuits from Trump against tech companies had been dismissed, indicating a significant shift in dynamics following this settlement.
The settlement will contribute $22 million toward Trump's presidential library funds and legal fees, marking a notable influence Trump's presence has on corporate America.
Despite low odds for success in court prior to the settlement, Trump's influence has been recognized, prompting Zuckerberg and peers to engage more proactively.
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