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Meta agrees to pay $25 million to settle lawsuit from Donald Trump after Jan. 6 suspension

Economic Times

Economic Times · 6m ago

Meta agrees to pay $25 million to settle lawsuit from Donald Trump after Jan. 6 suspension

Meta has agreed to pay $25 million to settle a lawsuit filed by Donald Trump following the suspension of his accounts after the January 6, 2021 Capitol attack. The settlement includes $22 million for Trump’s future presidential library and covers legal fees. The agreement is part of efforts by Meta and its CEO, Mark Zuckerberg, to improve relations with the Trump administration. The case highlights ongoing disputes over social media companies' moderation practices under Section 230.

Related News

Elon Musk's X settles Donald Trump lawsuit

Economic Times

Economic Times · 6m ago

Elon Musk's X settles Donald Trump lawsuit

X, formerly Twitter, has settled a lawsuit with Donald Trump for approximately $10 million following his account suspension in 2021. Trump sued, claiming wrongful censorship after his account was removed post-Capitol riot. The settlement aligns Elon Musk and Trump's relationship further, with Musk having reinstated Trump's account after acquiring the company. Both parties agreed to dismiss the lawsuit and cover their own costs, though details of the agreement remain undisclosed.

Mark Zuckerberg to cohost reception with Republican billionaires for Trump inauguration

Economic Times

Economic Times · 7m ago

Mark Zuckerberg to cohost reception with Republican billionaires for Trump inauguration

Meta CEO Mark Zuckerberg is cohosting a reception with prominent Republican donors for Donald Trump's inauguration. Despite previously banning Trump from Facebook and Instagram after the January 6 Capitol attack, Zuckerberg is now seeking to improve ties with the former president. The event includes cohosts like Miriam Adelson, Tilman Fertitta, and Todd Ricketts. Zuckerberg recently met Trump at Mar-a-Lago, while Meta donated $1 million to the inauguration fund and adjusted content moderation policies.

Apple to pay $25 million to settle lawsuit over Family Sharing feature

Economic Times

Economic Times · 1y ago

Apple to pay $25 million to settle lawsuit over Family Sharing feature

Apple has agreed to pay $25 million to settle a class-action lawsuit related to its Family Sharing feature. The lawsuit, filed in 2019, claimed Apple misrepresented the capability of using Family Sharing to share subscriptions to apps. Apple denied any misleading representations but settled the lawsuit, alleging that millions of consumers downloaded subscription-based apps under the impression they were available for Family Sharing, only to find out after payment that they were not. The settlement comes as Apple faces increasing scrutiny over its app store practices and treatment of developers.

Meta makes conservative activist an AI bias advisor following lawsuit

The Verge

The Verge · 6d ago

Meta makes conservative activist an AI bias advisor following lawsuit

Conservative activist Robby Starbuck joins Meta as an advisor to address ideological and political bias in its AI chatbot, following a lawsuit settlement. The lawsuit claimed Meta AI wrongly implicated Starbuck in the January 6 Capitol riot. Starbuck has a history of pressuring companies to drop diversity, equity, and inclusion (DEI) policies. The move aligns with efforts to mitigate AI biases, particularly under scrutiny following President Donald Trump's executive order regarding AI’s ideological stance.

Tim Cook's comments about iPhone sales in China just cost Apple $490 million

Business Insider

Business Insider · 1y ago

Tim Cook's comments about iPhone sales in China just cost Apple $490 million

Apple has agreed to pay $490 million to settle a class-action lawsuit filed by shareholders. The lawsuit, lodged in 2019, alleged that Apple's CEO, Tim Cook, made false comments about the company's sales in China during a 2018 earnings call. Cook had stated that China was performing well, but shortly after, Apple reduced its revenue forecast and blamed slumping sales in China. The settlement amount is equivalent to about two days of Apple's net income for 2023. The settlement still needs approval from a US District Judge. Apple denied wrongdoing but chose to settle to avoid prolonged litigation.

Donald Trump expected to shift course on antitrust, stop Google breakup

Economic Times

Economic Times · 9m ago

Donald Trump expected to shift course on antitrust, stop Google breakup

Donald Trump is expected to ease the antitrust policies pursued under President Joe Biden, potentially dropping the bid to break up Google's monopoly in online search. Trump's skepticism about breaking up Google shows the power he holds over these cases. The US Department of Justice is currently pursuing antimonopoly cases against Google, Apple, Meta Platforms, and Amazon.com. However, the final ruling on remedies for Google's search case is not expected until August 2025, giving Trump and the DOJ time to change course. Trump is also expected to relax policies that have irritated dealmakers, such as a reluctance to settle with merging companies.

Google to pay $350 million to settle shareholders' data privacy lawsuit

Economic Times

Economic Times · 1y ago

Google to pay $350 million to settle shareholders' data privacy lawsuit

Google has agreed to pay $350 million to settle a lawsuit by shareholders over a security bug at its defunct Google+ social media website. The settlement resolves claims that Google concealed a software glitch that exposed users' personal data, causing a drop in Alphabet's market value. The lawsuit covers shareholders from April 2018 to April 2019, and Google denies any wrongdoing. This settlement comes after a separate $7.5 million settlement with Google+ users in 2020.

Google to pay $28 million to settle claims it favoured white and Asian employees

Economic Times

Economic Times · 5m ago

Google to pay $28 million to settle claims it favoured white and Asian employees

Google has agreed to pay $28 million to settle a class action lawsuit alleging it favored white and Asian employees over others by providing higher pay and career advancement. The settlement impacts at least 6,632 employees in California from 2018 to 2024. The lawsuit was led by Ana Cantu, representing Hispanic and Indigenous groups. Google disagrees with the allegations but commits to equitable pay and promotions. Net settlement proceeds are $20.4 million.

US Meta users report automatic re-follows of president, VP accounts

Economic Times

Economic Times · 6m ago

US Meta users report automatic re-follows of president, VP accounts

Some Meta social media users reported that their accounts automatically re-followed profiles of President Donald Trump, Vice President JD Vance, and First Lady Melania Trump after they had unfollowed them. This occurred during the transition to the Trump administration's official accounts. Meta's communications director explained that these accounts are managed by the White House, and follow/unfollow requests might take time as accounts change hands. Meta did not immediately comment, leading to user frustration and confusion.

Sensex, Nifty to see up to 5% gap up on Friday? What's in for D-St as Trump pauses tariffs

Business Today

Business Today · 4m ago

Global equity markets anticipate a positive opening for Indian stocks on Friday, following a 90-day suspension of new US tariffs on all nations except China, announced by US President Donald Trump. The Gift Nifty futures on the NSE International Exchange were up by nearly 750 points, suggesting a strong start for Indian equity markets. This rebound aligns with the broader global market's optimistic response to the tariff suspension.

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