Elon Musk Takes Shot At Mark Zuckerberg Over Money Spent Protecting Him

Elon Musk Takes Shot At Mark Zuckerberg Over Money Spent Protecting Him

Tesla Inc TSLA CEO and Twitter Inc's TWTR largest individual stakeholder — Elon Musk — took aim at the high costs involved in protecting Meta Platforms Inc FB CEO Mark Zuckerberg from threats.

What Happened: Musk said on Sunday that the $26.8 million spent on protecting Facebook founder Zuckerberg from threats sounded “high.”

The entrepreneur was reacting to a report from GiGadgets which said that millions were spent protecting Zuckerberg and Chief Operating Officer Sheryl Sandberg in 2021.

See Also: How To Buy Tesla (TSLA) Stock

Why It Matters: The $26.8 million was spent on private travel, security protocol due to COVID-19, and an increase in costs associated with security personnel, according to GiGadgets.

Musk had also taken a dig at Facebook earlier this month and said that the Meta-run social media platform gave him “the willies.”

In 2020, Musk dubbed Facebook “lame” in response to a tweet by actor Sacha Baron Cohen.

Musk has also contributed financially to support Signal, a rival of the Meta Platforms’ Whatsapp messaging service.

Price Action: On Thursday, Tesla shares closed 3.7% lower at $985 in the regular session and rose 0.4% in the after-hours trading. On the same day, Meta Platforms shares closed 2.2% lower at $210.18 in the regular session, according to data from Benzinga Pro.

Read Next: Elon Musk's 'Funding Secured' Tweets Ruled False By A Judge: Court Filing Released

Photo: Courtesy of JD Lasica via Wikimedia

Posted In: NewsSocial MediaGeneralElon MuskMark Zuckerberg