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Meta boosts spending on Zuckerberg's security despite 'Year of Efficiency'

Meta, the parent company of Facebook and Instagram, is increasing its pretax spending on Zuckerberg's personal security to $14 million in 2023

Zuckerberg, Mark Zuckerberg
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Photo: Bloomberg

Aisha Counts and Kurt Wagner | Bloomberg
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg has dubbed 2023 the “year of efficiency,” a signal the social networking company plans to reduce spending and increase speed, but costs are going up in at least one area: his personal security.
 
Meta, the parent company of Facebook and Instagram, is increasing its pretax spending on Zuckerberg’s personal security to $14 million in 2023, up from $10 million the last few years, according to a regulatory filing released Wednesday.

This payment doesn’t include other security expenses the company will accrue on Zuckerberg’s behalf. The CEO has faced scrutiny in the past

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First Published: Feb 16 2023 | 8:02 AM IST

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