Meta issues non-voting shares to keep Zuckerberg in California

Mark Zuckerberg threatened to leave California over proposed billionaire tax, Meta says

CBS News • 22 अक्टू 14:28

Meta announced a board-approved plan to issue nonvoting Class C shares that Mark Zuckerberg can sell to fund a potential California billionaire wealth tax, while committing to remain a state resident for eight years.

AI's future hinges on public safety concern, cybersecurity, regulatory work in Congress

Fox News • 22 अक्टू 12:37

Meta posted solid third-quarter earnings and growth for its Muse AI agent, while its stock fell about 3% after announcing higher capital spending and a new non-voting share class.

Meta strikes deal with Zuckerberg to help him foot billionaire tax bill

The Guardian • 22 अक्टू 10:10

Meta will create a new class of non-voting shares that Mark Zuckerberg can sell to cover a possible one-off wealth tax in California, while committing to stay in the state for eight years.

Zuckerberg strikes Meta deal to stay in California amid potential wealth tax

Fox Business • 22 अक्टू 07:08

Meta will create a new class of non-voting stock that Zuckerberg can sell to cover a potential billionaire wealth tax, in exchange for his commitment to remain a California resident for eight years.

Meta strikes deal to keep Zuckerberg in California after wealth tax concerns

Reuters • 22 अक्टू 02:03

Meta will issue non-voting Class C shares to Mark Zuckerberg, allowing him to fund a possible California wealth-tax bill while committing to stay in the state for eight years.

Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stock

Fortune • 21 अक्टू 23:59

Meta announced a one-for-one distribution of new non-voting Class C shares, a move aimed at raising capital without diluting Mark Zuckerberg’s voting power and to help cover a possible California wealth-tax liability.

Meta's Muse AI agent achieves strong growth, company introduces new shares to power investments

Reuters • 21 अक्टू 21:23

Meta announced a new class of non-voting stock to finance its AI investments after reporting strong growth for its Muse AI agent and better-than-expected quarterly results.

Meta says Muse has over 10M users, with shopping a top activity

TechCrunch • 21 अक्टू 21:14

Meta said its AI assistant Muse now has over 10 million users, with a quarter of engaged shoppers spending more than $200 per purchase, and outlined plans to scale the service and improve profitability.

Meta plans nonvoting shares, eyeing more stock sales to fund its AI dreams

Semafor • 21 अक्टू 19:17

Meta announced plans to create a class of non-voting stock that can be sold to fund artificial-intelligence projects without reducing Mark Zuckerberg’s voting control.

Meta Q3 earnings to test Wall Street's stomach for AI spending

Yahoo Finance • 20 अक्टू 18:41

Meta is expected to post earnings of $3.56 per share on $63.3 billion revenue for the third quarter, while capital spending and losses in its Reality Labs unit are projected to rise sharply.