Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California
Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California
The billionaire told Meta’s board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
Voters will decide next month on a one-time tax on billionaires. It’s already influencing Meta’s chief executive.
Meta CEO Mark Zuckerberg reportedly threatened to leave California amid a growing dispute with the company’s board over his compensation and voting power. The disagreement also involved concerns...
In months of negotiations, the tech billionaire asked for a new compensation package and threatened to leave California, according to a filing released by the company.
The Meta CEO feared a proposed billionaire tax in the state would force a major share sale, threatening his voting control of the company.
Meta CEO Mark Zuckerberg considered leaving California. He's staying on after Meta offered him a new class of shares.
Meta raised its AI budget. Tesla cut its own. Investors punished both, raising the stakes for Big Tech.
Meta's most recent record earnings weren't enough to alleviate investors' concerns about the future.
The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.
Most chief executives wait for proof before betting the company. Mark Zuckerberg went the other way, saying that by the end of 2025 Meta was ready to commit somewhere between $100 billion and $200...
Paying a potential $12 billion bill would have meant selling the shares that give him control. A new class of stock solves that.
If the billionaire founder cares what people think, he should persuade his fellow investors to back his vision
Meta Platforms’ decision to revamp its stock structure was shaped by factors including expectations that the company could have to raise hundreds of billions of dollars in coming years and...
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...
Meta offers Zuckerberg new shares to keep him in California amid proposed wealth tax
Zuckerberg worried if the tax passed it could reduce how much control he had over his company but Meta's board struck a deal that quelled his concerns.
By Carlos Me- Meta Platforms has struck a deal with Mark Zuckerberg to keep him living in California after the CEO warned he was considering leaving the state that houses the
The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
Meta announced the deal on Wednesday in a securities filing that coincided with its quarterly earnings report, where it said it would offer a new class of nonvoting shares and give all existing...
He’s not Zucking around.Meta CEO Mark Zuckerberg held detailed negotiations with the tech giant’s board of directors about moving out of California if the state passes Prop. 40, a 5% wealth tax on...
Meta decided to give its CEO a financial incentive to stay near Silicon Valley, despite the risk of a multi-billion-dollar tax payment.
Meta’s board feared that its CEO’s departure could disrupt the company’s AI ambitions. A new stock agreement gives him financial incentives to stay put.
First reported:
First saved on ClustZ:
Coverage updated:
We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.