Meta agrees to pay $25 million to settle Trump account suspension suit
Image: Cath Virginia / The Verge, Getty Images
Meta agreed to a $25 million settlement over a 2021 lawsuit President Donald Trump brought against Meta for suspending his accounts after the January 6th insurrection at the US Capitol. The Wall Street Journal was the first to report the news, and Meta spokesperson Andy Stone confirmed the settlement to The Verge.
It’s a step that Trump discussed with Meta CEO Mark Zuckerberg during his recent visit to Mar-a-Lago, The Verge has independently confirmed. One unnamed source told The Journal that Trump indicated the lawsuit would need to be resolved before Zuckerberg would have a chance of being “brought into the tent.”
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Lee Zeldin, who wants to “make America the AI capital of the world” will lead the Environmental Protection Agency.
The new transportation secretary’s first act is to start letting cars pollute more.
Sean Duffy, fresh off his confirmation as Donald Trump’s secretary of transportation, signed a memorandum to “start the process of resetting Corporate Average Fuel Economy (CAFE) standards, which will ultimately lower the price of a car for American consumers and eliminate the electric vehicle mandate,” his office said in a statement. There is no EV mandate, of course, and rolling back federal fuel economy rules will ultimately increase oil consumption and release more carbon dioxide into the environment during a global climate crisis. But at least we’ll get cheap cars! (We won’t.)
Trump’s media company is getting into fintech, too.
Trump Media is launching Truth.Fi as part of its “financial services and financial technology strategy,” but there still aren’t many details about what it will actually do. The company also plans to invest $250 million into customized exchange-traded funds, along with Bitcoin and other cryptocurrencies.
This comes just one day after Elon Musk’s X announced that it’s partnering with Visa to launch its X Money service this year.
Elon Musk saying he’ll ‘bring home’ two astronauts for Trump is as dumb as it sounds.
Ars Technica explains why even as off-the-cuff maybe-trolling, Musk’s recent comments about the ISS crew put a strain on NASA. Here’s the crux:
The “stranded” astronauts on the space station probably could come home as early as next week. But if they were to do so, it would create a lot of headaches for NASA, its international partners, and probably even for Musk’s human spaceflight team at SpaceX.
Another change from Google’s maps team.
Google announced yesterday that Maps in the US will show Gulf of America and Mount McKinley, and CNBC today reports that the company’s maps division has added the US to its list of “sensitive” countries. CNBC says that that classification is reserved for “states with strict governments and border disputes” and includes countries like “China, Russia, Israel, Saudi Arabia and Iraq, among others.”
Did Elon Musk write the federal worker buyout email?
The buyout offer that just went out to millions of US federal workers has the subject line, “Fork in the Road,” which is the same subject line Musk used when he gave his “extremely hardcore” ultimatum to Twitter employees in 2022. While it’s unclear if he was involved in the creation of this new email, Musk himself seems to at least be in on the reference.
Donald Trump wants to claw back clean energy funding
The Trump administration sent a memo instructing federal agencies to pause grant, loan, and other financial assistance programs. It’s a catch-all for a wide range of programs President Donald Trump has crusaded against and it’s unclear what specifically is in the crosshairs with this move, but it seems to target Biden-era programs to deploy clean energy.
But just before the funding freeze was set to take effect on Tuesday, a federal judge paused it until February 3rd at 5 PM, and could extend the pause after a hearing on Monday. The administrative stay will let the government continue to disburse only funds that have already been authorized. The freeze was supposed to stop funds for policies Trump rolled back through executive orders, “including, but not limited to, financial assistance for foreign aid, nongovernmental organizations, DEI, woke gender ideology, and the green new deal.”
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DeepSeek wakes up Trump.
The president has called the Chinese AI startup “a wake-up call for our industries that we need to be laser-focused on competing to win.” DeepSeek’s models are much cheaper to build than those of leading AI companies and, ever the businessman, Trump sees the appeal: “Instead of spending billions and billions you’ll spend less and you’ll come up with, hopefully, the same solution.”
Trump says Microsoft wants TikTok (again).
Asked by reporters if Microsoft is in talks to take over TikTok’s US arm, the president was succinct: “I would say yes.” The company is reported to be among several investors, including Oracle, working on a joint bid. Microsoft previously tried to buy the social site back in 2020, which CEO Satya Nadella called the “strangest thing I’ve ever worked on.”
Google Maps in the US will change to Gulf of America and Mount McKinley
Illustration: The Verge
Google said today that it plans to update Google Maps to reflect President Trump’s January 20th executive order to change the names of the Gulf of Mexico and Denali to the Gulf of America and Mount McKinley, respectively.
The company noted on X the updated nomenclature will appear once the Geographic Names Information System (GNIS) is updated.
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Trump says he’ll put tariffs on imported chips ‘in the near future’
Image: Cath Virginia / The Verge, Getty Images
Without going into detail about what might happen to the $52 billion in subsidies from the CHIPS Act under his administration, Donald Trump said tariffs on foreign computer chips, semiconductors, and pharmaceuticals are coming “in the near future.” He also namechecked DeepSeek’s AI releases, saying, “…coming up with a faster method of AI and less expensive, that’s good. I view that as a positive if it is fact and it is true, and nobody knows, but I view that as a positive.”
In the speech at the House GOP Issues Conference held at the Trump National Doral Resort in Miami Monday afternoon, he said that to return the production of these goods to the US, “we don’t want to give them billions of dollars like this ridiculous program Biden has.” Instead the incentive for manufacturers will be “they will not want to pay a tax.”
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Elon Musk email to X staff: ‘we’re barely breaking even’
Image: Cath Virginia / The Verge, Getty Images
Ever since Elon Musk closed his deal to buy Twitter he’s claimed the company, now called X, is in “a very dire situation from a revenue standpoint.”
Now, the Wall Street Journal reports that banks are preparing a coordinated move to sell off some of the $13 billion in debt they loaned Musk to finance the deal. It mentions an email sent to employees this month, also confirmed by The Verge, where the Chief Twit said, “…we’ve witnessed the power of X in shaping national conversations and outcomes,” but also claimed, “Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even.”
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Trump bends to the tech oligarchy.
Here is their reward:
How Meta’s MAGA heel turn is a play for global power
Illustration by The Verge
On today’s episode of Decoder, we’re diving into an especially messy set of ideas. It’s been a chaotic couple of weeks for big tech companies as the second Trump administration kicks off an unprecedented era of how we think about who controls the internet. Meta’s changed its rules to openly allow more slurs and hate speech on its platforms, TikTok was banned and sort of unbanned, and a bunch of tech CEOs attended the second Trump inauguration.
There’s a major collision, or maybe merger, happening right now between billionaire power and state power and everyone who uses tech to communicate — so, basically everyone — is stuck in the middle.
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Less Trump, unless you want it.
As The Verge’s policy editor, I know how exhausting the Trump administration news firehose can be. There’s truly need-to-know stuff like the future of the Paris climate agreement and the TikTok ban. But we’re now collecting some updates in a stream whose posts won’t all appear on the front page, so readers get a break from the full weight of Trump’s random off-the-cuff proposals and his regulators’ antics. That said, we’re entering a new era in tech policy, so I hope you’ll periodically check it out!
Brendan Carr amps up his censorship campaign.
He’s reinstated three complaints against broadcasters that former chair Jessica Rosenworcel dismissed as attempts to influence news coverage:
Rosenworcel said the commission was rejecting complaints that “seek to weaponize the licensing authority of the FCC in a way that is fundamentally at odds with the First Amendment”. Then, on Wednesday, the FCC said in a series of orders the complaints had been dismissed “prematurely based on an insufficient investigatory record”.
A fourth complaint, against a Fox station, has not been reinstated.
NASA’s climate website is ‘moving.’
It’s “going to look a little different” as it migrates to a more general science site, according to NASA. President Donald Trump has called climate change a “hoax,” and researchers have been archiving environmental data in case it starts to disappear from federal websites.
Satya Nadella on Elon’s Stargate accusations: “All I know is I’m good for my $80 billion.”
Nadella said he’s “not in the details” of investments in The Stargate Project, confirming only the $80 billion Microsoft will invest annually in building up Azure to handle AI.
Dozens of subreddits are banning links to X
Photo by ANGELA WEISS/AFP via Getty Images
Dozens of popular subreddits are banning links to X after Elon Musk made a gesture that historians and human rights groups have described as a Nazi salute. Communities that have instituted a ban on links to X include r/formula1, r/military, r/nursing, r/TwoXChromosomes, and r/nintendo.
The shift is spreading across Reddit after neo-Nazis celebrated Musk’s speech at a rally on Monday for Donald Trump’s inauguration. During the speech, Musk twice raised his arm in a salute that historians, elected officials, and organizations that support Holocaust survivors have observed as a Nazi salute. During his speech, Musk places his hand on his chest and throws his arm forward at an angle, holding it mid-air for a few moments. “My heart goes out to you,” he says to supporters. Some supporters of Musk have defended him, saying the gesture went along with his words.
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Trump’s war on electric cars has only just begun
Image: Cath Virginia / The Verge, Getty Images
Just to start out: the federal EV tax credit is still alive and kicking. It was not eliminated by the stroke of Donald Trump’s pen because it can’t be. The tax credit — $7,500 for a new EV, $4,500 for a used one — was passed by Congress as part of the Inflation Reduction Act (IRA), and it would take another act of Congress to do away with it.
Now the bad news: at Trump’s behest, Congress is very likely to do away with the tax credit at some point in the near future. Republican lawmakers have tried several times in the past to kill the credit, most recently in July 2024. But with Democrats in control of the Senate and Joe Biden in the White House, none of those efforts ever went anywhere.
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Elon Musk, White House adviser, says OpenAI deal announced at White House is a sham
Illustration: Cath Virginia / The Verge; Photo: Getty Images
Elon Musk doesn’t miss an opportunity to take a dig at OpenAI — even when the news item in question is supposed to be favorable to President Trump. Just a few hours after yesterday’s White House presser on The Stargate Project wrapped up, Musk posted on X that “they don’t actually have the money.”
Softbank, OpenAI, Oracle, and MGX have committed to “deploy” $100 billion now and $500 billion toward the AI data center company over the next four years.
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A PSA for all those wondering why you’re suddenly following Trump and Vance on social.
There is, alas, no grand conspiracy here. It’s just that every four years, on X, Instagram, and Facebook, accounts like @POTUS, @VP, and @WhiteHouse are transferred to the incoming administration. Here’s how it went down in 2021, and with the first Trump term.
There are people who say they never followed these accounts and now suddenly do, which would be much stranger. I have a theory about this, but if it happened to you I want to know!
Trump is absolutely going to make ByteDance sell TikTok or shut down again.
Extreme First Amendment issues with having the government own a social platform aside, it’s striking how he keeps talking about “permits” even though nothing in the TikTok bill has anything to do with permits. Once a real-estate guy, always a real-estate guy, I suppose.
Trump is discussing a 10 percent tariff on imports from China.
“We’re talking about a tariff of 10 percent on China based on the fact that they’re sending fentanyl to Mexico and Canada,” President Donald Trump said during today’s press conference where he also helped announce The Stargate Project. The administration is “looking at” imposing the tariff on February 1st.
You can watch Trump’s comments about the tariffs on YouTube.
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