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Thursday, December 12, 2024

Zuckerberg's Meta Platforms Donate To Trump Inaugural Fund


Meta Platforms has donated $1 million to president-elect Donald Trump’s inaugural fund, the latest step by CEO Mark Zuckerberg to bolster his once-fraught relationship with the incoming president.

The Wall Street Journal reports the donation, confirmed by the company, is a departure from past practice by Zuckerberg and his company, and comes after an election campaign in which Trump threatened to punish the tech tycoon if he tried to influence the election against him. 

The contribution and efforts to court the incoming administration are emblematic of the balancing act for technology CEOs whose companies have often been the target of ire from Trump and other Republicans and whose workforces tend to lean strongly to the left.

Now, with Republicans set to take control of the White House and both houses of Congress and calling for new regulation of tech, some executives are adopting a new posture toward Trump.

Amazon founder Jeff Bezos, long a foe of the president-elect, congratulated Trump on X after the election for “an extraordinary political comeback and decisive victory,” and said this month that he’s “actually very optimistic this time around.” Speaking at a New York Times conference, he said: “What I’ve seen so far is that he is calmer than he was the first time and more confident, more settled.”

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