Meta CEO Mark Zuckerberg is actively searching for a home in Washington, D.C., and may be close to making an offer, Fortune reports.
Zuckerberg’s aim is to help shape technology regulation in the Trump administration, marking an about-face from his relationship with President Trump during his first administration.
Since Trump threatened to jail Zuckerberg if he interfered with the 2024 presidential election, Zuckerberg has made a number of concessions to the president.
On Wednesday, Meta agreed to pay $25 million to settle a lawsuit filed by Trump against the company after it suspended his accounts following the Jan. 6, 2021, attack on the Capitol.
Meta donated $1 million to the president’s inauguration. Zuckerberg attended the swearing-in and even cohosted an inauguration reception with other Republican billionaires just before two inaugural balls.
Earlier, Zuckerberg traveled to Mar-a-Lago to dine with Trump the night before Thanksgiving.
Meta recently announced it would increase its annual investment in artificial intelligence to $65 billion, just after Trump announced a $500 billion AI project with OpenAI and SoftBank as lead partners.
Facebook and Instagram have ceased fact-checking, relying instead on community notes. The decision came following claims by conservatives of being censored or booted off Meta platforms.
Meta elected longtime Trump ally Dana White to its board and named Republican Joel Kaplan as new chief global affairs officer.
On a recent Joe Rogan podcast, Zuckerberg even discussed the need for “masculine energy” in the corporate world.
Zuckerberg is looking to purchase a property in Washington, D.C., according to sources, with one saying that the tech mogul has potentially found an ideal place.
Commerce Secretary Howard Lutnick recently purchased a $25 million home in Washington, D.C., and Trump’s AI and crypto czar, David Sacks, also recently acquired a $10 million home in Washington, according to reports in The Wall Street Journal and Axios, respectively.
Treasury Secretary Scott Bessent is reportedly also in the market for a property.
Lee Barney ✉
Lee Barney, Newsmax’s financial editor, has been a financial journalist for 30 years, covering the economy, retirement planning, investing and financial technology.
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