Meta strikes deal to keep Mark Zuckerberg in California after wealth tax concerns
Meta Platforms secured a deal with CEO Mark Zuckerberg to keep him in California amid concerns over a potential wealth tax. In exchange for a commitment to reside in California for eight years, Zuckerberg will receive non-voting shares to help cover a possible multi-billion-dollar tax bill from Proposition 40, which proposes a 5% tax on billionaires. The proposal's fate remains uncertain as it heads to voters next month.