Meta will issue a new non-voting Class C share class, conceived after contentious negotiations between CEO Mark Zuckerberg and board members, to let him fund the Chan Zuckerberg Initiative and prepare for a potential multibillion-dollar California wealth tax without losing major…
Meta Creates New Class C Stock to Preserve Zuckerberg's Control as California Wealth Tax Looms
Meta will issue a new non-voting Class C share class, conceived after contentious negotiations between CEO Mark Zuckerberg and board members, to let him fund the Chan Zuckerberg Initiative and prepare for a potential multibillion-dollar California wealth tax without losing majority voting control.
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