Meta Platforms, the parent company of Facebook and Instagram, has agreed to pay $25 million to settle a lawsuit filed by former President Donald Trump regarding his suspension from the platforms after the January 6, 2021, Capitol riot. In the lawsuit, which Trump initiated in 2022, he claimed that Meta violated his First Amendment rights and stifled conservative voices. Meta defended its actions by citing concerns for public safety and the potential for inciting violence. After years of legal disputes, the tech giant chose to settle instead of prolonging the…
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Meta plans to invest $65 billion in technology expansion by 2025.
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to invest as much as $65 billion in capital expenditures (CapEx) this year. This substantial investment highlights Meta’s dedication to enhancing its infrastructure and broadening its reach in advanced technologies such as artificial intelligence, virtual reality, and the metaverse. This CapEx amount reflects Meta’s strategic emphasis on improving its data centers, AI-driven products, and immersive platforms. A considerable share of the funds is anticipated to aid in the development of Meta’s AI infrastructure, which supports essential features…
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