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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%

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

Feed excerpt — reported by Fortune

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

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