Meta, the parent company of Facebook and Instagram, on Wednesday agreed to settle a lawsuit brought in 2021 by President Donald Trump, according to court records obtained by USA TODAY. The Wall Street Journal first reported that the company agreed to pay the plaintiffs a total of $25 million,

This is going to be a big year,” said Meta founder and CEO Mark Zuckerberg on his newfound chumminess with the White House and host of technical AI advances.

Meta has agreed to pay $25 million to settle a lawsuit filed by President Donald Trump against the company after it suspended his accounts following the Jan. 6, 2021 attack on the Capitol, AP sources said.

Meta reported record quarterly revenue and net profit for Q4 2024 as it looks to massively boost spending on AI in 2025.

Meta concluded FY24 with $164.5 billion in revenue—a 22% annual growth, and a net profit of $62.4 billion—a 59% increase from the previous fiscal year.

The cofounder and CEO of Meta doubled down on plans to spend hundreds of billions of dollars on AI infrastructure as China's DeepSeek raises questions about the costs of the AI arm's race.

Meta CEO Mark Zuckerberg is reportedly looking to buy property in Washington DC – the latest sign of his ongoing effort to cozy up to the Trump administration.

Brought by Trump in 2021, the lawsuit alleged Meta improperly suspended his social media accounts following the January 6 attack at the capitol.

Meta CEO Mark Zuckerberg said in Wednesday’s earnings call that the rapid rise of new competitors from China has only bolstered the tech giant’s commitment to its AI ambitions as it spends billions on the emerging tech.

Mark Zuckerberg said Wednesday it was too soon to say how advancements by DeepSeek, a Chinese startup, would impact Meta's heavy investments in AI.

As Elon Musk and his billionaire brethren take power in Trump’s second term, the lack of legal guardrails — and the fading power of Big Media — is becoming an existential crisis.