Meta reports Zuckerberg's threat to sell California home over taxes

Meta CEO Mark Zuckerberg has expressed concerns about California's Prop. 40, a proposed wealth tax on billionaires, which could result in a tax bill of around $12.5 billion. To avoid liquidating significant stock holdings and losing voting control, Zuckerberg plans to establish residency outside California and has negotiated changes to his compensation agreement. The disclosures came in a Securities and Exchange Commission filing alongside Meta’s improved quarterly revenue report.

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