Meta agrees to pay $ 25 million to Trump to settle its trial

Meta said on Wednesday that he had agreed to pay $ 25 million to President Trump to settle the 2021 trial, he filed his Facebook and Instagram accounts after the 6 January riot in the capital.

The move was a major technical company and a significant concession of a win for Sri Trump, who had previously criticized social media platforms to sensor them, but recently Alone Musk and Mark Zuckerberg, including Meta Chief Executive Officer Tech Titans are wooed.

Mr. Zuckerberg has thrown his support behind Mr. Trump and remake his company for the new administration. This month, Mr. Zuckerberg made extensive policy changes to allow more speeches in Meta’s apps – including Facebook, Instagram, Threads, and WhatsApp – and ended the initiative of diversity and inclusion in the company. In some cases, changes have proved to be controversial for their work force.

In a call with investors on Wednesday for Meta’s quarterly financial results, Mr. Zuckerberg praised the Trump administration for supporting American technical companies and “defending our values”.

He said, “This is going to be a big year to redefine our relationships with governments.”

Meta, who owns Facebook, Instagram, WhatsApp and other apps, Posted Revenue leaps of 21 percent and profit increased by 49 percent for the fourth quarter, but gave a mild-seated revenue forecast for the current quarter.

In December, ABC News agreed to pay $ 15 million to settle the defamation trial by Mr. Trump. ABC News agreed to donate money to Shri Trump’s Future Presidential Foundation and Museum. The network and its star anchor, George Stephanopolos also published a statement stating that he made “regrets” comments that were made about Mr. Trump during a television interview in March.

The disposal of meta with Mr. Trump follows similar conditions. Broadly $ 22 million would go to the funding of the President’s Library of Shri Trump, the remaining $ 3 million was determined for the legal fees of Mr. Trump and the lawsuit for other plainists. Meta is not doing wrong as a part of the agreement, which was earlier Informed By Wall Street Journal.

On Wednesday, Meta stated that its growing revenue and profit for the fourth quarter were inspired to progress in their system on a large scale, which makes users progress in their system to suggest relevant posts and videos. They came from its continuous investment in reforms Artificial Intelligence, the company said.

According to data compiled by the market analysis firm FactSet, the revenue for the fourth quarter was $ 48.4 billion, which was a year ago and above $ 47 billion from Wall Street Estimates above $ 40.1 billion. A year ago, a profit of more than $ 14 billion was $ 20.8 billion.

But the Silicon Valley Company also said that it was expected to come from $ 39.5 billion to $ 41.8 billion in the current quarter. The low end of the forecast was lower than the expectations of an analyst of $ 41.7 billion.

That revenue launch raised questions among investors, especially plans to increase spending as a meta. Last week, Meta said that this year its capital expenditure will be more than $ 60 billion on data centers and other infrastructure, which would be more than $ 38 billion to more than $ 38 billion from $ 38 billion spent in 2024. , Because it works to gain an edge in the race. AI are also out of Arabs to lead in AI to develop small firms like Google, Amazon, Microsoft and Openai

In recent times, Chinese AI Start-up Dipsek has raised questions about how technology is developed after creating a new AI model for a fraction of the cost of many American firms. Deepsek produced its technology using an independent AI tools shared by tech companies like Meta and then published its results for all, a general technical industry practice called Open Source.

In an investor call, Mr. Zuckerberg called Deepsak a “new contestant” and said “globally an open source would be standard.” But he added a touch of nationalism, saying that “for our own national advantage, it is important that it is an American standard.”

In the so -called metavors of Meta, a immersive digital world continued to lose money. The company’s reality labs division, which develops the enhanced reality glasses and virtual reality products for metavors, lost $ 5 billion in the fourth quarter.

Nevertheless, the company continued to add users to its apps. Meta said that the number of “daily active people” in its apps was 3.35 billion in December, which was 5 percent from a year ago.