Meta has introduced a new stock incentive to keep CEO Mark Zuckerberg in California despite the potential passage of Proposition 40, a wealth tax targeting billionaires. Zuckerberg, one of the few tech centibillionaires still residing in California, has committed to staying in the state for at least eight years. The stock plan allows him to sell a portion of shares to cover any tax liabilities without losing voting control. This move highlights Meta's desire to retain Zuckerberg's leadership as the company advances in artificial intelligence, even as other tech leaders relocate due to tax concerns.
As of Oct 23, 2026 03:21 WIB, Meta Platforms (META) trades at USD 647.90, down 7.11% in one day on Pluang, closer to its 52-week low of USD 525.72 than its high of USD 777.59. This sharp daily drop contrasts with the relatively balanced Pluang order activity of 48% Sell and 52% Buy, reflecting mixed investor sentiment amid ongoing leadership and tax debates. META's market cap stands at $1.78 trillion, highlighting its significant scale despite recent volatility.
Despite a recent pre-market stock selloff triggered by concerns over AI spending and mixed earnings from Tesla and Meta, along with an Asian market decline and rising oil prices due to Middle East tensions, the outlook remains bullish for a year-end ...
Scotiabank analyst Nat Schindler set a $650 price target for Meta Platforms, about 6.8% below its then-current price of $697.52. Despite Meta's strong revenue from Facebook, Instagram, and WhatsApp, investor concerns over increased artificial intelli...
Mark Zuckerberg, CEO of Meta, has arranged a deal to pay California's proposed 5% billionaire tax on his $240 billion wealth by creating a new class of shares he can sell more easily. This move allows him to stay in California and comply with the tax...
Meta is raising over $100 billion through a new share class to fund AI investments, despite strong AI-driven growth and popular apps like Muse. Tesla lowered its capital expenditure guidance due to efficiencies, while political factors may speed up a...
Meta is spending over $100 billion on centralized data centers to support its AI-driven ad ranking, resulting in high capital costs and negative free cash flow. In contrast, Apple focuses on on-device AI processing using its iPhones and Macs, which r...
