Zuckerberg threatened to leave California

Mark Zuckerberg told Meta he was considering moving his primary residence outside California because Proposition forty, a ballot measure imposing a one-time five percent tax on the state's billionaires, could expose him to massive tax…

“considering moving his primary residence outside California because Proposition 40, a ballot measure dubbed the "California wealth tax", could expose him to a massive tax liability”

Meta's deal keeps Zuckerberg in state

Under the deal, Zuckerberg will receive non-voting shares he can sell to potentially foot a multi-billion-dollar tax bill, in exchange for committing to remain a resident of California, or wherever Meta maintains its headquarters, for…

Zuckerberg can sell shares without losing control

Zuckerberg, who has a net worth of about two hundred forty billion dollars, can immediately sell twenty percent of the Class C shares he receives, representing ten percent of his overall economic stake in the…

Meta says Zuckerberg's leadership is critical

Meta's board concluded it was critically important that Zuckerberg remain in a leadership role and continue to manage the company from its California headquarters, particularly during unprecedented challenge and competition in the industry driven by…

“critically important”