Zuckerberg Spends More on Security Despite ‘Year of Efficiency’
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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.