On Wednesday, President Donald Trump settled a lawsuit with Meta, the parent company of Facebook and Instagram. Part of the settlement involves Meta paying Trump about $25 million, most of which will go into funding a presidential library.

President Trump on Wednesday settled a lawsuit that will require Meta to pay about $25 million, most of which will fund a presidential library, multiple outlets reported and a source familiar confirmed to Axios.

Why it matters: Meta shut down Trump's Facebook and Instagram accounts for about two years after the Jan. 6 Capitol riot. However, since Trump's reelection, CEO Mark Zuckerberg has cozied up to the new administration.

• $22 million will go toward a fund for Trump's presidential library, according to the Wall Street Journal, which first reported the deal. The rest will go toward legal fees and individual plaintiffs. 
• Boris Epshteyn, Trump's attorney, did not immediately respond to Axios' request for comment.

While details of the settlement were not released, the lawsuit has to do with the aforementioned shutdowns of President Trump's social media accounts. Following his reelection, Meta's CEO, Mark Zuckerberg, has suddenly grown to like President Trump:.

Flashback: Trump's Facebook and Instagram profiles were reinstated in early 2023 and subsequently subject to stricter penalties than other users for more than a year. 

• His account on Twitter, now X, was also suspended after the Capitol riot.

State of play: Zuckerberg attended Trump's inauguration and donated $1 million to the inaugural fund. 

• He also traveled to Mar-a-Lago in November to meet with Trump after the election. 

And a million bucks to the inaugural fund. Mark Zuckerberg may not be going full-tilt MAGA, but he seems to know which way the wind is blowing - and it's blowing towards Mar-a-Lago.

See Related: WATCH: Rogan Schools Zuckerberg on Big Tech's COVID Censorship

Fact-Checker: We're Not to Blame for Censorship, Zuckerberg Is Passing the Buck

It's interesting to note that, while Pres. Trump has stalled a possible ban on the social media company TikTok, if such a ban goes through, it may well prove advantageous to the boss of the company that owns social media competitors Facebook and Instagram. At present, Trump isn't showing any indication to do that, though, although the purchase of TikTok by an American company may be on the table. An earlier piece from Axios points out that Zuckerberg may have much to gain by staying in Trump's good graces:

The big picture: Zuckerberg has spent the post-election months cozying up to Trump, including through a Mar-a-Lago visit and $1 million inauguration donation.

• That could pay off for Meta when it comes to future regulation, particularly given the fact that Trump's antitrust regime sued the company in late 2020. The case was later dismissed.
• It's also given Zuckerberg a way to loudly hit back at a Biden administration that revived the lawsuit — and the confidence to scrap content moderation and workplace culture policies that appear to have privately chafed him for years.

The idea that "content moderation and workplace culture policies" privately chafing Zuckerberg is a remarkable notion, as he hasn't been overly vocal about that. But he's certainly not alone in harboring some resentment towards the new-defunct Biden administration.

In any case, Pres. Trump has been posting content on both Facebook and Instagram, with his reinstated accounts.