By Investing.com Staff
Meta Platforms (NASDAQ:META) announced Wednesday afternoon that it will restore former President Donald Trump’s Facebook and Instagram accounts after suspending them in the aftermath of the Capitol riot on January 6th, 2021.
After evaluating the current environment, including the recent 2022 midterm elections, the company's Oversight Board determined that the risk "has sufficiently receded" and that they should therefore adhere to the two-year timeline initially established for the suspension.
While the accounts will be reinstated in the coming weeks, they will come with new guardrails in place to deter repeat offenses.
They said Trump will be subject to their Community Standards, like any other Facebook or Instagram user. However, in light of his violations, "he now also faces heightened penalties for repeat offenses – penalties which will apply to other public figures whose accounts are reinstated from suspensions related to civil unrest under our updated protocol. In the event that Mr. Trump posts further violating content, the content will be removed and he will be suspended for between one month and two years, depending on the severity of the violation."
Shares of Digital World Acquisition Corp (NASDAQ:DWAC), the SPAC merging with Trump's Truth Social, fell fractionally after hours on the news.