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Facebook says goodbye with enthusiasm but increases its spending on the security of Mark Zuckerberg

Although the company is going through a major crisis, he has decided to increase his expenses for his boss’s personal security by 40%.

Does Mark Zuckerberg fear for his safety in these difficult times for his Facebook business? The parent company of the social network, Meta, will drastically increase its expenses for the personal security of the boss and co-founder of the group in a very tense social context.

as the story goes guardian, the budget will thus increase from 10 to 14 million dollars. An increase that responds “to security problems related to specific threats (…) derived directly from his position as founder, president and CEO of Meta,” says the company that considers it “appropriate and necessary in the circumstances.”

Reverse of the metaverse

This spending surge goes awry when Meta announced late last year a vast plan to lay off 11,000 people worldwide, or 13% of its workforce. Mark Zuckerberg then pointed to declining advertising revenue and the global economic slowdown.

If the stock market has recovered after these announcements, Meta is still showing a 20% loss in value over the last three years. Determined to become a leader in the metaverse, the company has yet to convince of the usefulness or economic interest of such a project. At the beginning of February, Mark Zuckerberg announced a refocusing of activities towards artificial intelligence, following in the wake of Microsoft or Google.

Author: Thomas LeRoy
Source: BFM TV

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