Meta has agreed to pay Donald Trump $25 million to settle his 2021 lawsuit regarding his suspension from Facebook and Instagram post-Capitol riot. The financial settlement allocates $22 million to Trump's future presidential library while covering legal fees. Despite criticism from Trump regarding his account's suspension, Meta does not admit any wrongdoing. Furthermore, Meta reported a significant increase in profits in 2024, with CEO Zuckerberg expressing optimism about the company's future, particularly in AI, amidst evolving content moderation strategies.
The shocking events of the last 24 hours clearly demonstrate that President Donald Trump intends to use his remaining time in office to undermine the peaceful and lawful transition of power to his elected successor, Joe Biden.
We now have a U.S. administration that is proud of our leading companies, prioritizes American technology winning, and that will defend our values and interests abroad.
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