Among the business leaders attending the meeting along with Zuckerberg are Netflix CEO Reed Hastings, Dropbox founder Drew Houston, Box CEO Aaron Levie and Google executive chairman Eric Schmidt.
The tech industry has been a key source of money and support for Obama, but in recent months has been strongly critical of the president over a number of issues, in particular the National Security Agency's surveillance of phone and internet communications, first disclosed by leaker Edward Snowden.
Zuckerberg earlier this month said that he had personally called Obama to express his “frustration” over internet surveillance.
“I've called President Obama to express my frustration over the damage the government is creating for all of our future,” he wrote in a blog post on his Facebook page. “Unfortunately, it seems like it will take a very long time for true full reform.”
Zuckerberg’s blog post came a day after reports alleging that the NSA had posed as a fake Facebook server to install malware on computers. The program codenamed “TURBINE” helped the agency ramp up their hacking efforts.
Obama previously met with tech industry leaders in December to discuss problems with the healthcare.gov website and their concerns over NSA surveillance.
The president ordered a number of reforms to the NSA that he said would better protect privacy rights in January, including requiring special court approval before accessing phone metadata and weighing plans to allow the information to be stored outside of the federal government.
Many lawmakers, privacy advocates and the intelligence community say that those steps do not go far enough to rein in the NSA.
Silicon Valley leaders have complained that government surveillance could cost them business if consumers seek to move their data to non-U.S. companies.