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Meta sets stock milestones that would grant shareholders free Class C shares

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Meta has introduced stock performance targets that would award shareholders free Class C shares whenever its share price doubles while compounding at no less than 10% annually. The company describes these goals as extraordinary. The non-voting Class C shares would allow CEO Mark Zuckerberg to sell stock without giving up control of the company. The arrangement is also linked to helping him meet obligations under California's Prop 40 billionaire tax. Zuckerberg has pledged to remain in California for eight years, and Meta intends to draw on the shares to finance its artificial intelligence initiatives.

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