Tech article
Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
Publisher description: 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.
TechCrunch | Oct 22, 2026 | Lucas Ropek
Automated excerpt
During Meta’s earnings call on Wednesday, the company revealed its board had approved a new class of non-voting stock, called Class C common stock. Now, however, the New York Times has reported there’s another reason for the new class: helping Zuckerberg pay for California’s proposed “billionaire tax,” if voters approve it. Meta is creating a new class of non-voting shares, called Class C, and will give shareholders one of them for every Class A or Class B share they own.
Selected automatically from source text; not independently written or fact-checked. Read the original for full context.