A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
TE TechCrunch 
Key takeaways
Meta approved non-voting Class C stock to help Zuckerberg pay California's proposed billionaire tax without losing control.
- Meta introduced non-voting Class C stock to maintain Zuckerberg's voting control.
- The stock helps Zuckerberg pay the proposed California billionaire tax if approved.
- Zuckerberg pushed for the plan to avoid selling assets like his Palo Alto property.
Summarised automatically by AI from the original article by TechCrunch. AI can make mistakes, so check the original for details.
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