Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta

Meta has launched a new stock class partly engineered to help CEO Mark Zuckerberg pay California's proposed billionaire tax without losing control of the company. The measure, if voted into law, would impose a wealth tax on billionaires. The new share class is designed to allow Zuckerberg to sell shares to cover the tax while retaining voting control.