Financial disclosures or official announcements

Amazon, Meta Donate $1M Each to Trump's Inauguration Fund, Amazon to Stream Event

Dec 13, 2024, 02:22 AM

Amazon and Meta Platforms Inc. have each committed to donating $1 million to President-elect Donald Trump's inaugural fund, signaling a shift in their relationship with the incoming administration. Amazon's donation comes alongside plans to stream the inauguration on its Prime Video service, an in-kind donation valued at an additional $1 million. This move follows a private dinner between Trump and Meta CEO Mark Zuckerberg at Mar-a-Lago, where Zuckerberg sought to mend ties with the president-elect. Jeff Bezos, Amazon's founder, is also set to visit Trump at Mar-a-Lago, indicating a broader effort by tech leaders to align with the new administration. The donations are part of a larger trend where tech companies are seeking to influence or benefit from Trump's deregulatory agenda, with Bezos expressing optimism about Trump's plans to reduce regulations. Trump's past feuds with Bezos, including criticism over Amazon's tax practices and the Washington Post's coverage, have been set aside as both parties look to foster a more cooperative relationship.