Meta Platforms has agreed to pay roughly $25 million to settle a 2021 lawsuit that President Trump brought against the company and its CEO after the social-media platform suspended his accounts following the attacks on the U.S. Capitol that year, according to people familiar with the agreement.
Of that, $22 million will go toward a fund for Trump’s presidential library, with the rest going to legal fees and the other plaintiffs who signed onto the case. Meta won’t admit wrongdoing, the people said. Trump signed the settlement agreement Wednesday in the Oval Office.
Meta declined to comment.
Serious talks about the suit, which had seen little activity since the fall of 2023, began after Meta Chief Executive Mark Zuckerberg flew to Trump’s Mar-a-Lago club in Florida to dine with him in November, according to the people familiar with the discussions. The dinner was one of several efforts by Zuckerberg and Meta to soften the relationship with Trump and the incoming administration. Meta also donated $1 million to Trump’s inaugural fund. Last year, Trump warned that Zuckerberg could go to prison if he tried to rig the election against him. ... Read More: WSJ