Meta further increases Mark Zuckerberg’s security budget


The measures taken by Meta to protect Mark Zuckerberg are worthy of those for a head of state. The North American group has not hesitated to get its hands on the wallet in recent years to strengthen the security of its boss. The year 2023 will be no exception, since the Menlo Park firm announces that it has increased the allocation by $4 million. ad hoc granted to the multi-billionaire and his family. It now stands at $14 million.

This allocation is part of a “global safety program” by Mark Zuckerberg. According to New York Postwhich is based on the documents provided to the US stock market policeman, this device cost nearly 27 million dollars in 2021, against 23 million in 2020 and “only” 7.3 million in 2017. For comparison, Amazon has spent $1.6 million in 2021 protecting Jeff Bezos.

These expenses have exploded since the Cambridge Analytica affair, the starting point of a series of scandals that have greatly damaged Meta’s image in recent years. To restore its image, the group is attempting a turn in the metaverse, which is of great concern to investors. Meta promised that 2023 would be “the year of efficiency” after a chaotic 2022 financial year marked by the announcement of the dismissal of 11,000 employees.



Source link -98