Zuckerberg told Meta directors he might leave California, where he could lose billions to a wealth tax. Meta answered with a new class of stock
- California: 111 events in the last 90 days
- Previous: earlier the same day · Mark Zuckerberg considered leaving California over the billionaire tax
What happened
Meta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class will raise money without diluting him—and allow him to foot a potential bill in California.
Summary assembled by rule from the sources below