PolicyCNBC Techabout 1 hour ago
Meta Creates New Stock Class for Zuckerberg
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Meta filed a plan Wednesday to create a new non-voting Class C stock class for CEO Mark Zuckerberg, allowing him to sell up to 20% of shares to pay a potential 5% California wealth tax under Proposition 40 on Nov. 3 without losing voting control, ensuring his eight-year residency commitment remains intact.
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