Zuckerberg told Meta directors he might leave California, where he could lose billions to a wealth tax. Now Meta is issuing a new class of stock
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 a potential bill in California.
Coverage across the spectrum
How we rate outletsThe story so far
- Meta agrees deal to keep Zuckerberg in California despite wealth tax proposal.
- Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stock.
How the framing differs
- Left
- Oct 21 (Reuters) - 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 compa…
- Center
- Group to create new class of non-voting shares to allow stock sales without diluting the founder’s control
Who's reporting it
All 7 sources- BBC NewsBN
BBC NewsCenterZuckerberg wins Meta deal to help him foot bill for possible California billionaire tax
- P(PravdaReport (RU)Center
Zuckerberg to stay in California for 8 years using new nonvoting Meta shares
- DMDaily Maverick (ZA)Left
Meta strikes deal to keep Zuckerberg in California after wealth tax concerns
- ReutersR
ReutersCenterMeta strikes deal to keep Zuckerberg in California after wealth tax concerns
- FFortuneCenter
Zuckerberg told Meta directors he might leave California, where he could lose billions to a wealth tax. Now Meta is issuing a new class of stock
- Financial TimesFT
Financial TimesCenterMeta agrees deal to keep Zuckerberg in California despite wealth tax proposal
Timeline
21h ago
Financial Times: Group to create new class of non-voting shares to allow stock sales without diluting the founder’s control
19h ago
Fortune: Meta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class wil
17h ago
Fortune: Meta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class wil
17h ago
Reuters: Meta strikes deal to keep Zuckerberg in California after wealth tax concerns
14h ago
Daily Maverick (ZA): Oct 21 (Reuters) - Meta Platforms has struck a deal with Mark Zuckerberg to keep him living in California after the CEO warned he was consid
3h ago
PravdaReport (RU): Zuckerberg has committed to remaining a California resident for eight years following Meta's approval of nonvoting shares, a move designed t
43m ago
BBC News: The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
More in Politics
Gov Lawal swears in five new permanent secretaries, calls for compliance with public service rules
Multiple outlets • 2h ago
The governor called for compliance with Public Service Rules while reiterating his administration’s continuing commitment to strengthening the institutions of Government and ensuring that the public service has the leadership, competence and discipline required to support his development aspirations.
5 sources
‘A five-minute photo op’: Politicians scramble to contain Rivervale anger
Multiple outlets • 4h ago
Local member Cassie Rowe has urged locals to be “realistic” about meaningful change in Rivervale, saying the issue is complex and there is no easy fix to ongoing problems with anti-social behaviour.
3 sources
'You fouled up the arena' - APC blasts Atiku for linking Tinubu's name to Ebola
Multiple outlets • 2h ago
The APC has criticised former VP Atiku Abubakar for his comments on the Ebola emergency, accusing him of politicising a public health issue to ridicule…
2 sources
2027: Makinde knocks Tinubu over budget implementation
Multiple outlets • 3h ago
— Says Nigeria needs reset, urges government to tax prosperity, not poverty By Dayo Johnson AKURE — The African Peoples Movement (APM) presidential candidate, Seyi Makinde, has criticised President Bola Tinubu’s administration over what he described as poor implementation of the national budget, promising to reset Nigeria’s security architecture, economy and political system if…
2 sources
Elon Musk invests $1B in David Ellison’s Skydance as media giant grapples with massive debt: report
Multiple outlets • 3h ago
Elon Musk has invested roughly $1 billion in David Ellison’s Skydance, Semafor reported Thursday — four years after the Hollywood mogul’s billionaire father helped finance Musk’s takeover of …
3 sources
You can’t collect 13th month salary and vote against APC, Oborevwori tells Delta workers
Multiple outlets • 3h ago
Delta State Governor, Sheriff Oborevwori, has inaugurated the All Progressives Congress Campaign Council to intensify grassroots mobilisation for the…
3 sources
Reader Discussion
Loading comments…