Meta CEO Mark Zuckerberg Threatens to Leave California Over Wealth Tax
Meta CEO Mark Zuckerberg has threatened to move out of California if the state passes Proposition 40, a 5% wealth tax on billionaires. The tax could force him to sell huge chunks of Meta stock, diluting his control. To retain his voting power, Meta plans to issue new non-voting shares. Zuckerberg has agreed to stay in California for at least eight years under the deal.99 sourcesSee all sources