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The Independent: Zuckerberg reportedly cozied up to Trump so he could settle his FTC lawsuit for $450m instead of $30bn
The Independent - Zuckerberg reportedly cozied up to Trump so he could settle his FTC lawsuit for $450m instead of $30bn
Zuckerberg attempted to settle an antitrust lawsuit with the FTC with the support of Trump – but it was ultimately unsuccessful
Ariana Baio
in New York
Wednesday 16 April 2025 16:24 BST
Mark Zuckerberg, the CEO of Meta, reportedly hoped to avoid an antitrust lawsuit trial by offering to settle with the Federal Trade Commission for $450 million rather than $30 billion - and wanted his ally President Donald Trump to help.
In March, the Facebook founder called the head of the FTC to see if he could work out a deal to avoid a trial over what the FTC alleges was a breach of antitrust laws when it acquired Instagram and WhatsApp, according to a Wall Street Journal report.
Zuckerberg reportedly offered $450 million, though the FTC wanted $30 billion.
Having met with Trump at Mar-a-Lago in November, donating $1 million to Trump’s inaugural fund and axing policies at Meta that did not align with Trump’s agenda, Zuckerberg was hopeful Trump would support the company’s offer.
/snip
Zuckerberg attempted to settle an antitrust lawsuit with the FTC with the support of Trump – but it was ultimately unsuccessful
Ariana Baio
in New York
Wednesday 16 April 2025 16:24 BST
Mark Zuckerberg, the CEO of Meta, reportedly hoped to avoid an antitrust lawsuit trial by offering to settle with the Federal Trade Commission for $450 million rather than $30 billion - and wanted his ally President Donald Trump to help.
In March, the Facebook founder called the head of the FTC to see if he could work out a deal to avoid a trial over what the FTC alleges was a breach of antitrust laws when it acquired Instagram and WhatsApp, according to a Wall Street Journal report.
Zuckerberg reportedly offered $450 million, though the FTC wanted $30 billion.
Having met with Trump at Mar-a-Lago in November, donating $1 million to Trump’s inaugural fund and axing policies at Meta that did not align with Trump’s agenda, Zuckerberg was hopeful Trump would support the company’s offer.
/snip
1 replies
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= new reply since forum marked as read
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