05:00
German Chancellor Merz to visit Trump next week
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
Trump settles lawsuit with Meta for $25 million following Facebook suspension
The Azerbaijan State News Agency
Donald Trump has reached a $25 million settlement with Meta, following his suspension from Facebook in 2021 after the January 6 riot. The funds will largely support Trump's presidential library.
Donald Trump has reached a settlement agreement with Meta, in which the company will pay $25 million to resolve a lawsuit filed against them after his suspension from Facebook in 2021. This suspension followed the January 6 riot, which led to widespread controversy and legal actions.
The settlement, which was confirmed by Trump's attorney John Coale, was signed on Wednesday in the Oval Office. A significant portion of the $25 million is expected to be allocated to Trump’s presidential library. The news first emerged from The Wall Street Journal, coinciding with Meta’s quarterly earnings report, which was delayed.
Mark Zuckerberg, CEO of Meta, refrained from addressing the specifics of the settlement during the earnings call. However, he made a broader comment about the company’s future relationship with governments, stating that the current US administration was supportive of American tech firms and their global standing. He expressed optimism about the opportunities for progress and innovation this could bring.
This settlement follows a series of actions by Meta to mend its relationship with Trump. Notably, the company had previously faced threats from Trump, who had expressed intentions of having Zuckerberg jailed. Meta’s connections to Trump extend beyond this legal dispute, with the company donating $1 million to his inauguration fund following his election victory.
In addition to Meta, Trump has pursued legal action against other tech firms. This includes lawsuits against Twitter, now X, and YouTube, accusing them of censorship. While a federal judge dismissed his case against Twitter in 2022, his suit against YouTube was “administratively closed” in 2023. Similarly, ABC News reached a $15 million settlement with Trump over a defamation lawsuit, with the funds also directed towards his library.
This settlement underscores the ongoing tensions between political figures and tech companies, as both sides continue to navigate issues of free speech, censorship, and corporate influence in the public sphere.
03:01
Trump to double steel tariffs to 50%
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
02:15
Wall Street ends week mixed as Trump accuses China of trade deal breach
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
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