The email said the action was taken "following the unprecedented events of the past week and ahead of the upcoming presidential inauguration," which takes place on Jan. 20.
"After last week the market is in a little bit of a digestion phase. Underneath the surface what you're seeing continue is the reflation trade," said Lerner.
Twitter Inc, Facebook Inc, Facebook-owned Instagram, Alphabet Inc-owned Google, Apple Inc and Amazon.com Inc took their strongest actions yet against Trump to limit his reach.
Apple Inc on Friday also gave the service 24 hours to submit a detailed moderation plan, pointing to participants using the service to coordinate Wednesday’s siege of the U.S. Capitol building.
The Texas lawsuit is the second major complaint from regulators against Google and the fourth in a series of federal and state lawsuits aimed at reining in alleged bad behavior by Big Tech platforms that have grown significantly in the past two decades.
The US Department of Justice also has been investigating the agreement between the companies as part of its antitrust probe into Google, six people familiar with the investigation said.
With the filing of the twin lawsuits, Facebook becomes the second big tech company to face a major legal challenge this fall.
The FTC said in a statement that it would seek an injunction that "could, among other things: require divestitures of assets, including Instagram and WhatsApp."
The audit report, which Facebook commissioned two years ago, pointed to what the authors described as a series of harmful decisions.
The findings come at a time when some 900 advertisers, including major brands such as Coca-Cola, have joined a boycott promoted by major US civil rights groups.
CEO Ho Ching announced the delay in a Facebook post, noting that Temasek's portfolio companies had businesses spread across many countries.
"To accommodate this delay of global consolidation for financial reporting, Temasek's own annual reporting will be delayed from July till September," Ho said.
The move comes as major advertisers such as Unilever and Starbucks have signed on to the "Stop Hate for Profit" campaign started by US civil rights groups.
The scope and timing of the audit are still being finalized, Facebook said.