Meta compensates Zuckerberg for California billionaire tax to retain CEO
Published 2 d ago2 sourcesEvidence: Reported
Mark Zuckerberg has signed an agreement to remain in California for at least eight years, reversing his earlier threat to leave if the state's billionaire tax is enacted. The tax, which voters will decide on in less than two weeks, would impose a levy on ultra-wealthy residents. This commitment signals a potential softening of opposition and could influence the referendum's outcome, with implications for state revenue and tech industry dynamics.
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