President Trump on Wednesdaysettled a lawsuit that will require Meta to pay about $25 million, most of which will fund a presidential library,multipleoutletsreportedand a source familiar confirmed to Axios.
Why it matters: Meta shut down Trump's Facebook and Instagram accounts for about two yearsafter the Jan. 6 Capitol riot. However, since Trump's reelection, CEO Mark Zuckerberg has cozied up to the new administration.