Mark Zuckerberg considered leaving California due to a proposed 5% billionaire tax on residents worth over $1 billion, which could cost him around $11-12 billion. To keep him in the state and maintain his leadership at Meta, the board created a new non-voting Class C stock allowing him to sell shares for cash without losing voting control. Zuckerberg committed to remain a California resident or where Meta's headquarters are for eight years. This move reduces the risk of losing Zuckerberg during a critical AI investment phase and sets a precedent for corporate stock restructuring around personal tax issues. The tax vote is set for November 3, 2026, and if it fails, shareholders may question the board's decision to restructure preemptively.
Meta Platforms shares trade at USD 684.59 on Pluang as of Oct 22, 2026 18:12 WIB, down 1.85% in the last day. The company's market cap stands at $1.78 trillion, reflecting its massive scale amid the ongoing corporate restructuring to retain CEO Mark Zuckerberg in California. Investor interest remains strong with 68% of Pluang orders to buy, indicating confidence despite the recent price dip.
Meta Platforms reported a strong Q3 with 26.1% year-over-year revenue growth driven by AI investments. Its AI-powered ad model GEM improved ad conversions by 18.9% and click-through rates by 12%, while average ad prices rose 14%. Meta's AI assistant ...
Critical vulnerabilities in the PHP programming language were uncovered using AI, leading to urgent global security warnings and immediate fixes to prevent potential cyberattacks. Meta Platforms reported strong earnings with a 26% revenue rise and ne...
Meta announced it will issue a new class of non-voting stock to raise capital for its expanding AI initiatives while preserving the voting power of existing shareholders. This move supports Meta's founder-led structure and provides flexibility for fu...
Meta Platforms posted a robust Q3, growing revenue by 26% year-over-year, driven by higher ad pricing. Despite a one-time $9.89 billion legal expense, the company's core operating income and margins remain strong. Significant investments in capital e...
Meta reported a 26% rise in Q3 revenue to $64.6 billion, driven by strong advertising sales, and forecasted Q4 revenue between $73 billion and $76 billion. Despite a nearly $10 billion legal charge related to teen mental health litigation, net income...
