Meta offers Zuckerberg share deal to keep him in California

Zuckerberg considered leaving the state over a proposed billionaire wealth tax that could require a multibillion-dollar payment. Meta’s agreement provides financial incentives to stay near its headquarters, including a new class of non-voting shares that would let him sell stock without reducing his control, according to the Financial Times.

• Meta’s board feared his departure could disrupt its AI plans, according to Wired.

Covered by 6 publishers within 3 hours of the first report.

• Financial Times: Meta agrees deal to keep Zuckerberg in California despite wealth tax proposal
• Latest 7:13 PM ET Business Insider: Mark Zuckerberg considered leaving California over the billionaire tax

Reporting6

FT Financial Times Meta agrees deal to keep Zuckerberg in California despite wealth tax proposal 4:27 PM

PO Politico Zuckerberg considered leaving CA over wealth tax, Meta says · By Christine Mui 6:02 PM

W Wired Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure · Paresh Dave 6:39 PM

BL Bloomberg Meta Offers Zuckerberg New Shares to Shield Him From Wealth Tax 6:59 PM

NYP New York Post Mark Zuckerberg threatened to dump $110M California home over billionaire tax, Meta reveals in filing · Annie Gaus 7:08 PM

BI Business Insider Mark Zuckerberg considered leaving California over the billionaire tax · Charles Rollet 7:13 PM

Discussion

Y Hacker News 3 points, 2 comments

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Topics Meta