Mark Zuckerberg made a deal with Meta's board to help him pay a proposed California tax on billionaires without losing his ownership stake in the company he founded, according to regulatory...
Zuckerberg will receive non-voting shares that he can sell to help pay a potential multi-billion-dollar tax bill if voters approve the proposal.
Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California
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.
The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
Meta Platforms CEO Mark Zuckerberg will get a new chunk of shares in the company he founded, and in return, he has agreed to stay in California, where the company is headquartered, for at least...
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 Platforms has struck a deal with Mark Zuckerberg, Reuters has reported, in a move spurred by a California ballot measure, part of the Nov. 3 midterm elections, that has sparked heated debate...
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