Zuckerberg Donates $1 Million to Pro-Crypto Trump Committee  

Meta Platforms, the parent of Facebook, shocked everyone when it contributed $1 million to Donald Trump’s inaugural fund. That surprising move marked a shift in the relationship between the Facebook CEO, Mark Zuckerberg, and the former president with whom he had been at odds since the January 6, 2021, Capitol insurrection.

Meta confirmed that donation and said it was first reported by The Wall Street Journal. The donation occurred just weeks after Zuckerberg met privately with Trump at his Mar-a-Lago estate in Florida. 

Sources familiar with the matter claim that Zuckerberg is seeking an even tighter relationship with the incoming administration as a means of influencing US tech policy. That is a reversal from 2021 when Meta banned Trump from its platforms following the Capitol riot.

In addition to the huge gift, Zuckerberg appears to have demoed the latest tech that Meta has been working on with Trump in the meeting, which includes the newest collaboration in eyewear with Ray-Ban, the eyewear company. He even handed him a pair of cutting-edge glasses, which form part of Meta’s incursion into the “metaverse” and augmented reality.

The move into Trump’s inauguration fundraising marked a new chapter for the tech mogul in an attempt to engage with the incoming administration, despite previous tension. This also raises the question of how Zuckerberg’s relationship with Trump might influence future policies on social media regulation, content moderation, and broader tech issues.

Also Read: Trump Embraced Crypto & Crypto Embraced Him: Ripple CEO

spot_imgspot_img

Subscribe

Related articles

Solana Launches $185K AI Hackathon for Developers Worldwide

Solana has officially kicked off its first-ever AI hackathon,...

Nvidia Faces Legal Battle as Supreme Court Rejects Appeal

The United States Court has denied Nvidia’s request to...

Coinbase to List PNUT Token, Price Soars 30%

Coinbase has announced that it will add Peanut the...

Pi Network Gears Up for the Open Mainnet Launch

Pi Network is preparing for a key milestone as...

Hamster Kombat Launches DAO for HMSTR Token Holders

Hamster Kombat, once a popular crypto game, has announced...
spot_imgspot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here