Facebook owner Meta increases Mark Zuckerberg's security allowance by $4 million

The move comes at a time when the owner of social media platforms Facebook and Instagram has cut thousands of jobs and slashed spending plans for a period that Zuckerberg has called the "Year of Efficiency." Meta Platforms Inc said on Wednesday it had increased the security allowance given to Chief Executive and co-founder Mark Zuckerberg and his family by $4 million to $14 million.

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