Goal agreed to pay President Trump $ 25 million to resolve a 2021 lawsuit he presented after the company suspended its facebook and instagram accounts after the disturbance of January 6 in the Capitol, three people said with knowledge of the matter.
The measure was a significant concession by an important technology company and a victory for Trump, who had previously criticized social media platforms to censor him, but lately he has cut tech Titans, including Elon Musk and Mark Zuckerberg, executive director of Goal.
Zuckerberg has presented his support behind Mr. Trump and has been remakeing his company for the new administration. This month, Mr. Zuckerberg made changes to radical policies to allow more types of speeches in finishing applications, which include facebook, instagram, Threads and WhatsApp, and eliminated the initiatives of diversity and inclusion throughout the company. In some cases, the changes have proven to be controversial for their workforce.
In December, ABC News also agreed to pay $ 15 million to resolve a demand for defamation of Mr. Trump. ABC News agreed to donate the money to the future presidential foundation and museum of Mr. Trump. The network and its star presenter, George Stephanopoulos, also published a statement by saying that they “regret” the comments made about Mr. Trump during a televised interview in March.
Goal declined to comment. The agreement was before reported For the Wall Street Journal.
Wednesday, goal too reported An increase of 21 percent in income and a 49 percent increase in profits for the fourth quarter, largely driven by advances in their systems for advertising orientation and suggest relevant publications and videos for users. The improvements come from their continuous investments in artificial intelligence, said the company.
The revenues were $ 48.4 billion, compared to the $ 40.1 billion of the previous year and above the Wall Street estimates of $ 47 billion, according to the data compiled by FACTSET, a market analysis firm. The profit was $ 20.8 billion, compared to $ 14 billion the previous year.
“We continue to make good progress in ai, glasses and the future of social networks,” Zuckerberg said in a statement. “I am excited to see that these efforts are even more climbed in 2025”.
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