Social media giant Meta Platforms (META) has agreed to pay about $25 million to settle a lawsuit filed by President Donald Trump in 2021,

Meta will pay President Donald Trump $25 million to settle a lawsuit after the tech giant banned him from Facebook and Instagram following the Jan. 6, 2021, insurrection at the Capitol. The Wall Street Journal was the first to report the news.

Under the deal, Meta will pay $22 million to a fund to support the construction of Trump’s presidential library.

Meta agreed to a $25 million settlement over a 2021 lawsuit President Donald Trump brought against Meta for suspending his accounts after the January 6th insurrection at the US Capitol. The Wall Street Journal was the first to report the news, and Meta spokesperson Andy Stone confirmed the settlement to The Verge.

Meta confirmed that it will be making a donation of $22 million to Trump's presidential library and will also pay $3 million in legal fees. "I write to inform the Court that the parties have reached an agreement to settle the named plaintiffs' individual claims and resolve this matter," the letter read.

President Trump's accounts on Facebook and Instagram were suspended following the Jan. 6, 2021, attack on the Capitol. They were reinstated in023.

According to reporting by the Wall Street Journal, President Donald Trump has reportedly signed settlement papers expected to require Meta Platforms to pay approximately $25 million to resolve a 2021 lawsuit he filed after the company suspended his accounts following the attacks on the U.S. Capitol that year.

Meta agreed to pay $25 million to settle Donald Trump's lawsuit over the company's 2021 suspension of his Facebook and Instagram accounts,

Tech giant Meta has agreed to pay $25 million (nearly €24 million) to settle a legal dispute with US president Donald Trump after he sued the company for suspending his accounts following the January 6 riots at the US Capitol, according to three people ...

According to people familiar with the agreement, the $22 million of the payment will go towards funding Trump's future presidential library, with the remainder covering legal fees and payments to other plaintiffs in the case.

Leading White House advisers this week raised concern that China's DeepSeek might have derived benefits from a technique called distillation, in which the system purportedly piggybacked off