World News

Meta strikes deal with Zuckerberg to protect him from California wealth tax

Source: World news | The Guardian · Published

Meta strikes deal with Zuckerberg to protect him from California wealth tax
Source: World news | The Guardian

Company says deal will keep its chief executive living in California even if state brings in one-off billionaire tax Business live – latest updates Meta has struck a deal with Mark Zuckerberg to protect him from the threat of a California wealth tax targeting billionaires. The so

Company says deal will keep its chief executive living in California even if state brings in one-off billionaire tax Business live – latest updates Meta has struck a deal with Mark Zuckerberg to protect him from the threat of a California wealth tax targeting billionaires. The social media company behind Facebook, Instagram and WhatsApp revealed on Wednesday night that the arrangement would keep its chief executive living in California, where its headquarters are located. Continue reading...

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Meta to create a new class of shares to fund AI push
Technology & AI

Meta to create a new class of shares to fund AI push

Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday , the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027

The Verge ·