Meta restructures stock to shield Zuckerberg from proposed California wealth tax

Meta's board agreed to a deal with CEO Mark Zuckerberg after he raised concerns that a proposed California billionaire wealth tax could force him to sell shares, weakening his voting control of the company. He had told the board he planned to list his Silicon Valley home for sale. The company restructured its stock to help him pay the tax if voters approve it, allowing him to remain in California.