Meta has introduced a new class of non-voting stock, Class C, allowing shareholders ownership without voting rights. This move helps CEO Mark Zuckerberg maintain control while raising capital and paying for acquisitions, including AI investments. Importantly, it also enables Zuckerberg to sell some shares to cover a potential 5% California billionaire tax (Proposition 40) without losing voting power. The tax targets wealthy Californians to fund healthcare, food assistance, and education, but faces opposition from Silicon Valley elites. Meta’s strategy shows how billionaires might adapt if the tax passes.
Meta Platforms trades at USD 643.63 on Pluang as of Oct 23, 2026 06:41 WIB, down 7.73% in one day. The stock's market cap stands at $1.78 trillion, reflecting its massive scale despite recent volatility. Pluang investors hold Meta shares for an average of 128 days, indicating moderate-term interest in the company amid strategic moves like the new Class C stock.
Meta Platforms, Inc. is reaffirmed as a Strong Buy due to strong adoption of its Muse AI and attractive valuation after recent stock declines. The company's core advertising business remains solid, with a 22.5% year-over-year increase in family avera...
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, ...
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...
