Zuckerberg Reportedly Structured New Meta Stock Class to Ease Possible California Billionaire Tax

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Meta has launched a new stock class that was partly designed to help CEO Mark Zuckerberg cover a proposed California billionaire tax if it becomes law. The measure has not yet been approved by voters or lawmakers. The arrangement appears intended to let Zuckerberg meet a potential tax bill without giving up his control over the company. The details are drawn from a report that describes the stock offering as having been engineered with that purpose in mind.

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