Zuckerberg told Meta directors he might leave California, where he could lose billions to a wealth tax. Meta answered with a new class of stock

A industry story from the U.S., reported by Fortune.

Industry · the U.S. · October 21, 2026

From Fortune

Meta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class will raise money without diluting him—and allow him to foot a potential bill in California.

Reported by Fortune, October 21, 2026. Read the full story at Fortune →

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