Meta will issue a new class of nonvoting shares, allowing CEO Mark Zuckerberg to fund the Chan Zuckerberg Initiative, pay a potential California wealth tax, and support AI spending without diluting his 60.6% voting control.
Meta Creates Nonvoting Class C Stock to Protect Zuckerberg's Control
Meta will issue a new class of nonvoting shares, allowing CEO Mark Zuckerberg to fund the Chan Zuckerberg Initiative, pay a potential California wealth tax, and support AI spending without diluting his 60.6% voting control.
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