Core Points - YouTube has agreed to pay $24.5 million to settle a lawsuit filed by former President Trump in 2021 [1] - The settlement involves Alphabet Inc., YouTube's parent company, paying Trump $24.5 million, of which $22 million will be directed to the National Mall Trust for the construction of the White House banquet hall [1] - Trump announced the settlement as a "great victory" on social media [1] Group 1 - The lawsuit stems from actions taken by major social media platforms, including YouTube, following the January 6, 2021, Capitol riots, which resulted in account suspensions for Trump [1] - Following the Capitol riots, Trump claimed there was "massive fraud" in the 2020 presidential election, leading to legal actions against multiple social media companies [1] - Earlier this year, Meta Platforms agreed to pay approximately $25 million to settle a similar lawsuit from Trump, and X platform (formerly Twitter) settled for about $10 million [1]