Mark Zuckerberg has engineered a new stock class structure to potentially pay California's proposed billionaire tax while retaining control of Meta. The move demonstrates strategic financial planning to comply with or mitigate the impact of the legislation without ceding voting power.
Background
California has proposed a billionaire tax targeting individuals with net worth over $30 million, which could generate significant revenue but also prompt wealthy residents to reconsider their state ties.
- Source
- TechCrunch
- Published
- Oct 23, 2026 at 07:50 AM
- Score
- 6.0 / 10