Trump Reaches Settlement Agreement with Meta, Sources Confirm

 

 

 

 

 

 

 

On Wednesday, January 29, 2024, President Trump signed a settlement agreement at the White House to resolve the lawsuit he filed against Meta following the suspension of his account after the January 6th Capitol attack, according to a source familiar with the matter.

The agreement, as outlined in a preliminary draft, requires Meta to pay approximately $25 million, with $22 million allocated to a fund for Trump’s upcoming presidential library. The remainder will cover attorney fees and compensation for other plaintiffs, the source added.

This settlement follows a period of efforts by Mark Zuckerberg to rebuild ties with Trump since the latter’s victory in the 2024 election. Zuckerberg made a $1 million donation to Trump’s inauguration and attended the event alongside Cabinet members. He also relaxed content moderation policies on Facebook, Instagram, and Threads, dismantling partnerships with third-party fact-checking organizations and introducing a “community notes” system reminiscent of X’s format.

Trump and Zuckerberg specifically discussed the lawsuit during a meeting at Trump’s club in November following the election, the source disclosed. The Wall Street Journal was the first to report on the settlement. Neither Meta nor the White House has commented on the matter.

This development marks a sharp contrast to earlier tensions between Trump and Zuckerberg. In the summer, Trump had threatened to imprison Zuckerberg over alleged attempts by the CEO and his platform to undermine him.

Recently, Meta has made several moves aligning more closely with Trump’s vision for American businesses and social media. Earlier this month, Meta announced it would discontinue its diversity, equity, and inclusion programs, joining other companies scaling back similar initiatives in response to conservative pressure. Trump has been an outspoken critic of such programs.

Additionally, Meta appointed Trump ally Dana White, the UFC president, to its board of directors, shortly after promoting Joel Kaplan, the company’s leading Republican figure, to serve as its top policy executive. Meta also adjusted its content review policies on Facebook and Instagram, ending collaborations with third-party fact-checkers in the U.S. and replacing them with user-driven “community notes” while reducing automated moderation systems. Conservative critics, including Trump, have long accused social media platforms of censorship.

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