President Trump on Wednesday settled a lawsuit that will require Meta to pay about $25 million, most of which will fund a presidential library, multiple outlets reportedand a source familiar confirmed to Axios.
Why it matters: Meta shut down Trump’s Facebook and Instagram accounts for about two years after the Jan. 6 Capitol riot. However, since Trump’s reelection, CEO Mark Zuckerberg has cozied up to the new administration.
It doesn’t set any binding legal precedent, but it does send a message that has similar practical effects.