FX.co ★ Meta Reportedly To Pay $25 Mln To Settle Trump' 2021 Lawsuit; Sees 8%-15% Y-o-Y Revenue Growth In Q1

Meta Platforms (META) has reached an agreement to settle a 2021 lawsuit initiated by former President Donald Trump for approximately $25 million. This lawsuit was filed against Meta and its CEO, Mark Zuckerberg, following the suspension of Trump's social media accounts after the events at the U.S. Capitol, according to sources referenced by the Wall Street Journal.

As per the details of the settlement, $22 million will be allocated to Trump's future presidential library with the balance being used for legal fees and payments to other lawsuit participants.

Trump criticized the actions of social media platforms for deactivating his accounts post the January 6, 2021, insurrection due to remarks perceived as endorsing violence.

It should be noted that, under the terms of the settlement, Meta does not concede any wrongdoing in the decision to suspend Trump's accounts.

Additionally, in December, ABC News reportedly resolved a defamation lawsuit filed by Trump, coming to a $15 million settlement over defamatory comments made by one of their leading anchors.

In its announcement of fourth-quarter earnings, Meta Platforms projected first-quarter 2025 total revenue to hit between $39.5 billion and $41.8 billion, representing an 8% to 15% year-over-year increase or an 11% to 18% growth on a constant currency basis.

"We continue to make significant strides in AI, eyewear technology, and the evolving landscape of social media," stated Mark Zuckerberg, founder and CEO of Meta.

While Meta has not disclosed a comprehensive revenue forecast for the full year 2025, the company anticipates that current investments in its core operations will foster consistent strong revenue growth throughout 2025.

Expected total expenses for the full year 2025 are predicted to range between $114 billion and $119 billion.

Meta also forecasts its capital expenditures for 2025 to fall within the range of $60 billion to $65 billion, driven by increased investment to bolster both generative AI initiatives and its core business, with the majority of capital spending continuing to support its primary business operations.