President Donald Trump has signed a legal settlement that will see the owner of Facebook and Instagram paying around $ 25 million (20 million pounds sterling).
Trump continued the social media giant and its managing director, Mark Zuckerberg, in 2021 on the suspension of his accounts after the riots of January 6 Capitol that year.
In July 2024, Meta raised Trump’s final restrictions on Facebook and Instagram Accounts in the American presidential elections.
The regulations were reported for the first time by the Wall Street Journal.
About $ 22 million in the regulation will go to a Fund for the Trump’s presidential library.
The balance will be used to cover legal costs and other complainants who have signed the trial. Meta will not admit reprehensible acts.
The company suspended Trump’s accounts in 2021 and said that this would prohibit it from platforms for at least two years.
After Trump’s electoral victory in November, Mr. Zuckerberg visited his Florida station, Mar-A-Lago. This decision was considered to be proof of an apparent thaw in their formerly freezing relationships.
The following month, Meta donated $ 1 million to an inauguration fund for Trump. Mr. Zuckerberg was invited to the inauguration of Trump at the American Capitol earlier this month – sitting near other billionaires of global technologies.
For years, Trump had been very critical of Mr. Zuckerberg and Facebook-calling the “Anti-Trump” platform in 2017.
Their relationship has increased more and more after prohibiting the president’s accounts. He called Facebook a “People’s enemy” in March 2024.
Twitter, who is now called X and held by Trump Ally Elon Musk, also “permanent” suspended the president of its platform.
After buying the company for $ 44 billion, Mr. Musk reinstated Trump’s account In 2022, after a survey, he ran to the site narrowly supported the move.
Wednesday, separately, Meta defended her investment of $ 65 billion in artificial intelligence (AI) after the technological actions were shaken following the sudden rise of the AI Chinese Deepseek application.
Mr. Zuckerberg told investors that there was a lot to learn from Deepseek, but it was too early to have “a really strong opinion” about what the application means for the future of AI.
“If anything, I think that recent news has only reinforced our conviction that it is the right thing for us to concentrate,” he added.
Many American technological actions have flowed this week after Deepseek increased in popularityAlthough Meta has shaken up this trend by going up.
The action was increasing after the hours of negotiation after posting financial results better than expected on Wednesday.
However, questions remain on What progress in Chinese AI will signify for the American AI market in general Given the claim of Deepseek, it was developed at a fraction of the cost of its American rivals.
Mr. Zuckerberg said in a call to investors following the results on Wednesday that the rise of Deepseek had strengthened his conviction in the embrace of his “open source” company.
Meta, Facebook parent company, Instagram and WhatsApp, has taken a different approach from many American companies by publishing an open source model for free.
On Wednesday, Zuckerberg said he thought that the approach was important to keep the United States at the forefront, because countries around the world are fighting over to become the main actors in the still emerging industry.
“There will be an open source standard on a global scale and I think that for our own national advantage, it is important that it is an American standard,” he said.
“We take this seriously. We want to build the AI system that people around the world use.”
Meta last week announced that it planned to spend up to $ 65 billion this year to extend its IA infrastructure.
Mr. Zuckerberg recognized on Wednesday the current debate on the best way to lead AI investments, but told investors for his business, which serves billions of people worldwide, large investments made sense.
“I would bet that the ability to develop this type of infrastructure will be a major advantage-for the quality of the service and be able to serve the scale we want,” he said.
He said it would also be an essential year for the company in other areas, saying that it would be essential to determine whether sales of the company’s smart glasses will take off as hoped for.
Mr. Zuckerberg said he expects all glasses to be replaced by smart glasses in a decade, a prediction he repeated on Wednesday.
He also talked about plans to revive Facebook’s “cultural relevance”, the spectacle of social media which launched his fortune but which fell into disgrace compared to other offers such as Instagram and Tiktok.
Mr. Zuckerberg also defended his recently announced decision to end the verification of the facts, saying that he thought that community notes plans would be more effective.
He said that the company had seen advertisers’ requests following its changes.
