Social networking site Facebook CEO Mark Zuckerberg is being criticize and also facing security threats due to broadcasting of fake news and violent incidents on Facebook in recent few years. According to the recent report revealed by Facebook Inc, in the year 2018 Mark Zuckerberg spent almost 2.20 million in his and family’s security.
This is very interesting i.e. Facebook CEO takes a $1 annual salary and does not earn an annual bonus; he gets millions in “other compensation” mostly related to security expenses. According to the recent report published by Guardian, people reacted strongly after the publication of fake news and objectionable content on Facebook.
However, Mark Zuckerberg doubled his security expenses in the year 2018; in 2017 company has spent $9 million for his security. It was reported that Mark Zuckerberg spent $26 million on security of private aircraft. It is clear that Facebook was facing severe criticism due to spreading false information, online political propaganda, theft of information and privacy concerns.
On the other hand, A Russian Company Cambridge Analytica stole personal information of Facebook users without permission, during the US Presidential Election. Furthermore, Facebook’s Chief Operating Officer, Sheryl Sandberg had bought a house worth $20.37 million in the year 2018.