Meta CEO Mark Zuckerberg praised the Trump administration for backing Silicon Valley on a call with investors, adding that 2025 will be big for "redefining" the company's relationships with governments.

The suit was brought after Facebook, among other social media platforms, suspended Trump's account following the Jan. 6 insurrection that attempted to overthrow the 2020 election.

Meta confirmed that it will be making a donation of $22 million to Trump's presidential library and will also pay $3 million in legal fees. "I write to inform the Court that the parties have reached an agreement to settle the named plaintiffs' individual claims and resolve this matter," the letter read.