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Meta Cuts Deal to Keep Zuckerberg in California Amid Tax Threat

Bloomberg Technology Thursday 22 October 2026, 16:28 UTC 1 min read
Key Points

Oct 22nd, 2026 Meta Cuts Deal to Keep Zuckerberg in California Amid Tax Threat Meta Platforms Inc. shares fell after Chief Executive Officer Mark Zuckerberg told investors the company would bet even more aggressively on artificial intelligence. Meta Platforms Inc. is giving Mark Zuckerberg non-voting shares that he can sell to cover a tax bill without relinquishing control of Meta. Bloomberg's Mandeep Singh joins to discuss.

Oct 22nd, 2026 Meta Cuts Deal to Keep Zuckerberg in California Amid Tax Threat Meta Platforms Inc. shares fell after Chief Executive Officer Mark Zuckerberg told investors the company would bet even more aggressively on artificial intelligence. Meta Platforms Inc. is giving Mark Zuckerberg non-voting shares that he can sell to cover a tax bill without relinquishing control of Meta. Bloomberg's Mandeep Singh joins to discuss.
Zuckerberg (PERSON) California (LOCATION) Mark Zuckerberg (PERSON) Meta Platforms Inc. (ORG) Meta (ORG) Bloomberg (ORG) Mandeep Singh (PERSON)
Originally published by Bloomberg Technology Read original →

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