The daily business briefing: January 26, 2023

Meta reinstates Trump on Facebook and Instagram, Tesla reports record quarterly profit but warns of economic uncertainty, and more

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1. Meta to restore Trump's access to Facebook and Instagram

Meta Platforms said Wednesday it would reinstate former President Donald Trump's access to its Facebook and Instagram platforms. Meta suspended Trump's accounts the day after the Jan. 6, 2021, Capitol attack by a mob of his supporters seeking to overturn his 2020 election loss to President Biden. The social media company suspended Trump's accounts to avoid the risk of inciting more violence. Before he was barred, Trump had the most followed account on Facebook. "The public should be able to hear what their politicians are saying — the good, the bad and the ugly — so that they can make informed choices at the ballot box," said Nick Clegg, Meta's president of global affairs. Twitter restored Trump's access in November.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.