Trump and Meta Reach a $25M Settlement Agreement

In a significant development, former United States President Donald Trump has reportedly signed a settlement agreement with Meta Platforms, requiring the tech giant to pay $25 million. This agreement aims to resolve the lawsuit Trump initiated in 2021 after his accounts were suspended following the Capitol riot. Insiders revealed this information to The Wall Street Journal on Wednesday.

Allocation of the Settlement Funds

According to sources close to the matter, a substantial portion of the settlement, $22 million, is earmarked for the funding of Trump's presidential library. The remaining funds are designated to cover legal fees and provide compensation for other plaintiffs involved in the case.

Behind-the-Scenes Negotiations

It has come to light that discussions regarding this lawsuit were part of a meeting between Trump and Meta CEO Mark Zuckerberg during Trump's visit to Mar-a-Lago last year. Additionally, Meta made a $1 million donation to Trump's inaugural fund, further intertwining the connections between the former president and the tech behemoth.