NIFTY 50 22,968.70 up stock 23.40 (0.10%)
NIFTY 100 23,389.60 up stock 58.20 (0.25%)
NIFTY 500 20,728.90 up stock 117.50 (0.57%)
NIFTY MIDCAP 50 14,157.90 up stock 161.15 (1.15%)
INDIA VIX 15.51 Down stock -0.16 (-0.98%)
NIFTY MIDCAP 150 18,610.75 up stock 234.90 (1.28%)
NIFTY SMALLCAP 50 7,473.40 up stock 127.40 (1.73%)
NIFTY BANK 49,422.10 up stock 334.80 (0.68%)
NIFTY AUTO 21,796.25 Down stock -22.65 (-0.10%)
NIFTY FMCG 52,413.75 Down stock -66.75 (-0.13%)
NIFTY IT 41,276.50 Down stock -187.85 (-0.45%)
NIFTY MEDIA 1,498.35 up stock 25.70 (1.75%)
NIFTY METAL 8,342.20 up stock 86.60 (1.05%)
NIFTY PHARMA 20,746.90 Down stock -222.30 (-1.06%)
NIFTY PRIVATE BANK 24,687.40 up stock 186.80 (0.76%)
NIFTY REALTY 852.85 up stock 20.80 (2.50%)
NIFTY OIL & GAS 10,032.65 up stock 60.60 (0.61%)
NIFTY COMMODITIES 7,838.25 up stock 56.40 (0.72%)
NIFTY ENERGY 31,181.40 up stock 332.35 (1.08%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,968.70 up stock 23.40 (0.10%)
NIFTY 100 23,389.60 up stock 58.20 (0.25%)
NIFTY 500 20,728.90 up stock 117.50 (0.57%)
NIFTY MIDCAP 50 14,157.90 up stock 161.15 (1.15%)
INDIA VIX 15.51 Down stock -0.16 (-0.98%)
NIFTY MIDCAP 150 18,610.75 up stock 234.90 (1.28%)
NIFTY SMALLCAP 50 7,473.40 up stock 127.40 (1.73%)
NIFTY BANK 49,422.10 up stock 334.80 (0.68%)
NIFTY AUTO 21,796.25 Down stock -22.65 (-0.10%)
NIFTY FMCG 52,413.75 Down stock -66.75 (-0.13%)
NIFTY IT 41,276.50 Down stock -187.85 (-0.45%)
NIFTY MEDIA 1,498.35 up stock 25.70 (1.75%)
NIFTY METAL 8,342.20 up stock 86.60 (1.05%)
NIFTY PHARMA 20,746.90 Down stock -222.30 (-1.06%)
NIFTY PRIVATE BANK 24,687.40 up stock 186.80 (0.76%)
NIFTY REALTY 852.85 up stock 20.80 (2.50%)
NIFTY OIL & GAS 10,032.65 up stock 60.60 (0.61%)
NIFTY COMMODITIES 7,838.25 up stock 56.40 (0.72%)
NIFTY ENERGY 31,181.40 up stock 332.35 (1.08%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 12:09 IST, January 30th 2025

Meta To Pay $25 Mn To Settle Doanld Trump's 2021 Lawsuit Over Suspended Accounts

Trump filed lawsuits against Twitter Inc, now known as X, Facebook Inc and Alphabet Inc's (GOOGL.O), opens new tab Google, as well as their chief executives.

Reported by: Thomson Reuters
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FACT CHECK: No Evidence Found in Trump’s Claim of $50 Million Sent to Gaza for Hamas to Buy Condoms
Meta to pay $25 million to settle Trump's 2021 lawsuit over suspended accounts | Image: AP

Meta Platforms (META.O), opens new tab on Wednesday said it has agreed to pay about $25 million to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan. 6, 2021, attack at the U.S. Capitol.

Trump filed lawsuits against Twitter Inc, now known as X, Facebook Inc and Alphabet Inc's, as well as their chief executives in July 2021, alleging they unlawfully silence conservative viewpoints.

Trump's Facebook and Instagram accounts were suspended after his supporters launched an assault on the U.S. Capitol following a speech by him repeating false claims that his election defeat was the result of widespread fraud.

Out of the settlement amount, $22 million will go towards a fund for Trump's presidential library, and the rest to legal fees and other plaintiffs in the case.

Facebook parent Meta filed a notice regarding the settlement in a federal court in San Francisco.

Discussions about the lawsuit, which had not gotten very far since the fall of 2023, started again after Meta CEO Mark Zuckerberg visited Trump's Florida Mar-a-Lago club for a dinner with him in November, according to the Wall Street Journal, which first reported the news.

The Zuckerberg-led social media giant has been attempting to mend relations with a leader who has railed against its political content policies and threatened its CEO with imprisonment.

Earlier on Tuesday, a coalition of attorneys general announced they would sue Trump's pause of federal funding.
 

In a departure from its past practice, Meta in December announced a $1 million contribution to Trump's inaugural fund.

Meta ended its diversity, equity and inclusion (DEI) programs in January, and also scrapped its U.S. fact-checking program and reduced curbs on discussions around contentious topics such as immigration and gender identity.

It named prominent Republican Joel Kaplan as its chief global affairs officer and elected Dana White, CEO of Ultimate Fighting Championship (UFC) and close friend of Trump, to its board.

Published 09:10 IST, January 30th 2025