Fortune Term Sheet· Amanda Gerut·2026-10-22 07:59· 3 hours agoAI Score38

Meta Creates New Class C Stock to Keep Zuckerberg in Control as He Weighs California Exit Over Wealth Tax

Zuckerberg told Meta directors he might leave California, where he could lose billions to a wealth tax. Meta answered with a new class of stock

AI Overview

Meta will issue a new non-voting Class C stock so Mark Zuckerberg can fund the Chan Zuckerberg Initiative.

Source:Fortune Term Sheet · fortune.com

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