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Meta is working to construct a superb relationship with President-elect Donald Trump and made a large donation to show it.
Meta confirmed to the Wall Avenue Journal on Wednesday that it has donated $1 million to Trump’s inaugural fund. The donation is new floor for Meta; based on Bloomberg, the corporate didn’t make an identical donation earlier than President Joe Biden’s inauguration in 2021 or for Trump’s in 2017.
The inauguration fund is used for bills that come up when a brand new president assumes workplace. Firms are sometimes the biggest donors to those funds, with Federal Election Fee information exhibiting that Microsoft gave $500,000 every to Trump in 2017 and Biden in 2021, whereas Google donated $285,000 every.
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Meta’s million-dollar donation arrives two weeks after Meta CEO Mark Zuckerberg dined with Trump at Trump’s Mar-a-Lago membership in Palm Seaside, Florida.
In keeping with the Wall Avenue Journal, earlier than the dinner, Zuckerberg demonstrated what the Ray-Ban Meta sensible glasses might do earlier than giving the President-elect a pair as a present. The $299 glasses can reply calls, take photos, and ship texts; Zuckerberg mentioned at an earnings name in July that they’ve turn out to be a “greater hit prior to we anticipated.”
Meta CEO Mark Zuckerberg. Picture Credit score: David Paul Morris/Bloomberg through Getty Pictures
Stories emerged final week that Zuckerberg is serious about serving to form tech insurance policies with the Trump administration. Meta’s President of International Affairs Nick Clegg instructed The Verge that Zuckerberg is serious about taking an energetic half in debates about sustaining America’s tech management.
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Regardless of the current dinner and donation, the connection between Trump and Zuckerberg has been contentious. Meta suspended Trump’s Fb and Instagram accounts in 2021 following what the corporate acknowledged was “his reward for individuals engaged in violence on the Capitol on January 6, 2021.”
Meta reinstated his accounts in 2023, however the relationship between Trump and Zuckerberg had grown extra tense. Trump accused Zuckerberg of dishonest on the elections and wrote in a February 2023 Reality Social submit: “Why is not he being prosecuted?”
In one other Reality Social submit from July, Trump known as out “Zuckerbucks,” his nickname for Zuckerberg, and cautioned him to “watch out!”
In his e-book “Save America,” which got here out on September 3, Trump wrote if Zuckerberg did “something unlawful” within the 2024 presidential election, he would go to jail.
In current months, the connection between the 2 has been extra cordial with Zuckerberg calling Trump in August to apologize over an incorrectly labeled image and congratulating Trump on his victory in November.
Zuckerberg is at present the third richest individual on the planet with a web price of $224 billion, per the Bloomberg Billionaires Index.
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