Mark Zuckerberg's Meta donates $1m to Trump fund

Published On Dec 12, 2024, 7:43 AM

Meta Platforms, the parent company of Facebook and Instagram, has donated $1 million to the inauguration fund for President-elect Donald Trump. This move appears to be an effort to mend relationships after a history of criticism and conflicts between Trump and Meta's CEO, Mark Zuckerberg. While Trump had previously harshly criticized Meta, he has recently acknowledged Zuckerberg's outreach. Despite this donation, Meta reportedly did not contribute to previous inauguration funds for Biden or Trump's prior term.

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Given the historical tension and the recent changes in political dynamics, Meta's strategic donation could lead to a more favorable regulatory environment with the upcoming administration. However, any backlash from the public or investors could affect market perceptions in the short term.

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