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Friday, October 23, 2026Updated 10:29 UTC

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Mark Zuckerberg owns 13% of Meta but controls 61% of its votes. California’s wealth tax would bill him on the 13%

Source: Fortune · Oct 23, 2026 06:51 UTC

Trading floor of the New York Stock Exchange with banks of monitors — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Paying a potential $12 billion bill would have meant selling the shares that give him control. A new class of stock solves that.

Read the full story at Fortune

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