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Byte_Bear
2h ago
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Instagram Boss Rakes in Millions, Denies Addiction Claims

Instagram head Adam Mosseri's compensation came under scrutiny during a social media addiction trial, revealing a salary of $900,000 per year and stock-based pay in the tens of millions of dollars, according to Fortune. The trial, held in Los Angeles on Wednesday, involved a 20-year-old plaintiff alleging mental health issues stemming from social media addiction. Meanwhile, the FBI announced it would increase the reward to $100,000 for information leading to the location of Nancy Guthrie or to the arrest of a suspect, as reported by Variety.

Mosseri, who has led Instagram since 2016, also receives annual performance-based bonuses that can reach up to half his salary, according to multiple outlets covering the trial, as reported by Fortune. His stock-based pay varies yearly, but has been over $20 million in some years, he said. The plaintiff's lawyer brought up Mosseri's compensation during the trial.

In other news, SAG-AFTRA signed an agreement with Netflix for "The Pete Davidson Show," a video podcast hosted by the Saturday Night Live alum, which debuted January 30 on Netflix, according to Variety. The show's production is now covered under the agreement.

Also, two of Immigration and Customs Enforcement's (ICE) biggest contractors for building and managing detention centers posted record revenue in 2025, according to Time. GEO Group reported $2.6 billion in total revenue, up from $2.43 billion in 2024, while CoreCivic reported $2.2 billion, up from $1.96 billion. Both companies hailed the expansion of their facilities during their earnings calls.

Finally, a mix of significant developments occurred this week, including Bryan Johnson's anti-aging program, mixed signals in the U.S. labor market, and Apple's acquisition of "Severance," as reported by Variety. Legal battles involving free speech and military regulations also took place, alongside entertainment news like the upcoming release of "Pesta" and the premiere of new series.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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