Meta, Facebook's Parent Company, Pays Trump 36.1 Billion Won to Settle Lawsuit

After the Capitol riot incident, the lawsuit filed by President Donald Trump against Meta Platforms (hereinafter Meta), the parent company of Facebook, claiming that his Facebook account was suspended, has been settled with Meta agreeing to pay President Trump 36.1 billion KRW.

On the 29th (local time), The Wall Street Journal (WSJ) reported that Meta agreed to pay President Trump 25 million USD (approximately 36.1 billion KRW) to end the lawsuit. President Trump filed the lawsuit in July of the same year after his Facebook account was suspended following the Capitol riot incident on January 6, 2021.

WSJ reported that President Trump signed the settlement agreement in his office on the same day, and Meta also confirmed this.

Of the settlement amount, 22 million USD will be used for the Trump Presidential Library fund, and the remainder will be allocated to litigation costs and other plaintiffs who signed the lawsuit.

WSJ stated that Meta agreed to the lawsuit but will not admit any wrongdoing regarding the suspension of the account.

This content was produced with the assistance of AI translation services.