Meta Platforms struck a deal with CEO Mark Zuckerberg to keep him living in California, where the company is headquartered. Meta will create a new class of non-voting shares, allowing stock sales without diluting his control and providing financial incentives to stay. Zuckerberg had warned he was considering leaving if voters approve a wealth tax proposal next month; Meta’s board feared his departure could disrupt its AI ambitions.
WHO:Meta Platforms and CEO Mark Zuckerberg
WHAT:Meta Platforms struck a deal with Mark Zuckerberg to keep him living in California, including creating a new class of non-voting shares.
WHEN:Oct 21, 2026
WHERE:California, USA
WHY:The deal addresses Zuckerberg’s warning that he was considering leaving California if voters pass a wealth tax proposal; Meta’s board feared his departure could disrupt its AI ambitions.
How this story developed (showing 3 of 3 earlier reports)
