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JUST IN: Elon Musk accuses billionaire Amazon founder Jeff Bezos of telling investors to sell Tesla and SpaceX stock, claiming Donald Trump would lose the election.
The Price of Safety: How Much Does Big Tech Spend on CEO Security?
Ever wondered how much it costs to keep the world’s most influential CEOs safe? A recent analysis reveals that Big Tech giants allocate millions annually to protect their leaders. From Mark Zuckerberg’s $14 million security budget to other tech leaders investing heavily in safety, these figures reflect the growing importance of personal security in an increasingly connected (and exposed) world.
But why are these costs skyrocketing? Think corporate influence, public scrutiny, and heightened global risks. For these companies, ensuring their CEO’s safety is not just a necessity—it’s an investment in their brand and stability.
Dive deeper into the numbers and trends shaping this high-stakes spending at Visual Capitalist.
What do you think—essential precaution or excessive spending?
Market Update: #Stocks Drop Amid Russia-Ukraine Tensions
Stocks fell as Russia-Ukraine tensions escalated. European equities dropped nearly 1%, and S&P 500 futures dipped 0.4%. Safe-haven assets like gold and the Japanese yen gained. Oil prices fell after Europe’s largest oil field restarted. Bitcoin climbed above $91,000, supported by Trump’s embrace of digital assets.
The market reacted to reports of Ukraine’s first strike on a Russian border region using Western-supplied missiles. President Putin approved an updated nuclear doctrine, expanding conditions for using atomic weapons.
Wall Street strategists are optimistic about the S&P 500's performance in 2025, predicting growth without heavily relying on AI. BMO Capital Markets targets 6,700, and Morgan Stanley targets 6,500 for the S&P 500. The rally is expected to expand beyond tech stocks, with more companies contributing to growth. As the Federal Reserve cuts rates, earnings growth should continue improving. While AI was a major driver in 2023, the market now has a broader base of outperforming stocks. Despite AI's reduced role, strategists believe the market will still perform well, driven by a more diverse range of sectors.
In addition, the department is reportedly recommending that Google face antitrust requirements related to its Android mobile operating system, as well as AI, according to people familiar with the plans.
If successful, the legal battle could potentially lead to Google experiencing its first major corporate breakup since its inception in 1996.
During 2024, #MicroStrategy accelerated its #Bitcoin purchases. The company is now the largest institutional holder of the digital asset, with 331,200 BTC.