Instagram's top exec grilled about his pay at social media addiction trial

"As the first of several tech executives to testify in a social media addiction trial playing out in Los Angeles state court, the head of Instagram said he is paid roughly $900,000 a year and receives annual performance-based bonuses that can be as high as half of his salary. Like many executives of publicly traded social media companies, Mosseri, who's been head of Meta's Instagram since 2018, also earns stock-based compensation."

"Adam Mosseri's multimillion-dollar pay package took center stage on Wednesday as lawyers sought to link Meta's profits to platforms that addict children. From the witness stand, Mosseri said that his stock-based pay varies year to year but that it has been in the "tens of millions of dollars." Some years, he said, he believes it's been over $20 million."

"Mosseri made the comments while being questioned in Los Angeles Superior Court over a lawsuit that argues Meta and YouTube knowingly engineered their platforms to addict and cause harm to kids. Snap and TikTok were also named in the lawsuit but settled before trial for undisclosed amounts. Mark Lanier, the attorney representing the plaintiff, pressed Mosseri on how the company determined its policy on cosmetic filters, such as filters that alter users' appearances."

Adam Mosseri testified in Los Angeles Superior Court that his base pay is roughly $900,000 per year and that annual performance-based bonuses can be as high as half his salary. He said he also receives stock-based compensation that varies year to year and has been in the tens of millions of dollars, with some years believed to exceed $20 million. The testimony occurred during a lawsuit alleging Meta and YouTube engineered platforms to addict and harm children. The case named Snap and TikTok, which settled before trial. Questions also focused on cosmetic filters and whether policy changes could affect company growth.

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