Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
Meta Platforms Inc. announced a new class of non-voting stock during its earnings call, effective January, aimed at raising capital while keeping Mark Zuckerberg's voting control. This move is reportedly linked to California's proposed billionaire tax, which could impose a 5% wealth tax on billionaires. If approved, Zuckerberg could sell these shares to cover the tax without losing control of Meta.