Meta strikes deal to stop Mark Zuckerberg leaving California over billionaire tax
The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
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The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
Meta Platforms CEO Mark Zuckerberg will get a new chunk of shares in the company he founded, and in return, he has agreed to stay in California, where the company is headquartered, for at least eight more years. It is partly a financial carrot intended to keep Zuckerberg in California, where voters in November will decide whether to approve a temporary tax on wealth held by billionaires who live in the state. Meta announced the deal on Wednesday in a securities filing that coincided with its...
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