Meta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
CNBC reports: With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
This business story centres on the United States. Names and organisations mentioned in the coverage include California, Mark Zuckerberg and Zuckerberg.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- CNBC
- First reported
- Key names
- California, Mark Zuckerberg, Zuckerberg, Meta
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should…
Meta strikes deal to stop Mark Zuckerberg leaving California over billionaire tax
The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
Meta strikes deal with Zuckerberg to protect him from California wealth tax
Company says deal will keep its chief executive living in California even if state brings in one-off billionaire tax Business live – latest updates…
In Meta’s version of the future, I’ll have my Muse call your Muse
Mark Zuckerberg is barrelling toward a future in which an autonomous network of AI agents will run our lives - shopping for us, working for us…
Before you crank up the thermostat, try these tips to keep your house warmer for longer
Make draught excluders from socks, leave your oven door open after cooking and opt for lots of thin layers of clothing to stay warm.
Moody's holds steady on France's credit rating as country grapples with turmoil and higher yields
Moody's left its credit rating on France at Aa3, giving the country some relief in a week of unrest.
Turmoil hits AI build-out as neoclouds face pressure, credit risks mount and Solidigm pulls IPO
Stock slumps, pulled IPOs and rising spreads on credit default swaps this week sets stage for hyperscaler earnings.
Who comes out ahead in the Hellebuyck trade? Grading the Devils vs. Jets
On Friday, the Devils acquired Hellebuyck from the Jets -- who received Mercer, Bjugstad, Command and Daws.



