Find articles

Meta disclosed this week that CEO Mark Zuckerberg could leave California if voters approve a billionaire wealth tax this November, prompting the company to offer him a financial incentive to stay. The post Meta CEO Mark Zuckerberg Threatens to Leave California if Wealth Tax Passes appeared first on Breitbart .

Article URL: https://www.nytimes.com/2026/10/21/technology/mark-zuckerberg-meta-california-wealth-tax.html Comments URL: https://news.ycombinator.com/item?id=50217587 Points: 43 # Comments: 49

Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California

With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.

Zuckerberg worried if the tax passed it could reduce how much control he had over his company but Meta's board struck a deal that quelled his concerns.

Mark Zuckerberg had a dinner-table ultimatum with his board, which came after months of wrangling over the company's financing needs and a proposed California wealth tax. Meta will offer a new class of non-voting shares to existing investors, and Zuckerberg will have a special agreement that will give him the ability to sell some of that stock without diluting his majority voting power. Ed Ludlow, Bloomberg Tech Host has the details. Plus, Jackie Reses, co-founder and CEO of Lead on becoming one of a handful of billionaires to buy a bank - and one that's growing exponentially. Max Levchin, CEO of Affirm on Affirm break down the latest news on his company's exclusive Buy Now, Pay Later partnership with Sam’s Club. And Nancy Tengler, CEO & CIO, Laffer Tengler Investments reacts to Meta and Tesla earnings. (Source: Bloomberg)

Zuckerberg considered fleeing California if billionaire tax passes

Meta Platforms has struck ‌a deal with Mark Zuckerberg to keep him living in California after the CEO warned he was considering leaving the state that houses the company's headquarters if voters pass a wealth tax proposal next month.

Meta Platforms struck a deal with its CEO Mark Zuckerberg to keep him residing in California as the state prepares to vote on a billionaire tax in November. Zuckerberg’s estimated net worth is about $239 billion, making him the 6th richest person in the world, according to Forbes. He has been negotiating with his own […]

Mark Zuckerberg struck a deal with his social media company Meta on Wednesday to help shield him from a potential wealth tax in California.

Mark Zuckerberg struck a deal with Meta involving non-voting shares to cover a potential Proposition 40 wealth tax bill while staying in California.

The billionaire considered leaving California over a proposed wealth tax that could have forced him to sell shares and weaken his voting control of Meta.

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sydney Kamlager-Dove (D-CA) responded to Meta CEO Mark Zuckerberg considering leaving the state over a possible wealth tax by stating that there are questions about having a one-time tax, but “it’s disappointing The post Dem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over Wealth Tax: Need Federal Rules So People ‘Can’t Cherry-Pick States’ appeared first on Breitbart .

The billionaire told Meta’s board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.

Meta Platforms Inc. signed an agreement with Mark Zuckerberg to keep him living in the same jurisdiction as the company’s headquarters after the CEO said he was weighing leaving California if the state passes a wealth tax.