{
  "id": 16083712,
  "title": "Zuckerberg's California exit threat sparks Meta stock move",
  "url": "https://urgent.news/2026/10/22/zuckerbergs-california-exit-threat-sparks-meta-stock-move",
  "topic": "world",
  "section": "World",
  "published": "2026-10-22T17:47:29.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/international/world-news/mark-zuckerberg-threatens-to-leave-california-over-5-billionaire-tax-meta-creates-new-class-c-shares-to-help-him-stay/articleshow/135124383.cms"
  },
  "original_language": "en",
  "account": "Mark Zuckerberg warned he could leave California if California enacts a billionaire tax, according to Politico. The new tax, which would impose a 5% tax on state residents with a net worth over $1 billion, has not yet passed. Zuckerberg owns a small percentage of Meta's total economic value but controls most of its voting power due to some of his shares having extra votes. Meta has agreed to a deal with Zuckerberg to prevent him from leaving California, allowing him to sell shares without losing control. Meta has introduced a new class of non-voting shares, called Class C stock, which Zuckerberg secured through negotiations. These shares will have no voting rights, and Meta will distribute one Class C share for every existing Class A or Class B share. Zuckerberg agreed to remain a California resident for eight years, but if Meta moves its headquarters to another state, he will do the same.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Winnipeg Free Press",
        "title": "Mark Zuckerberg makes deal with Meta to help him pay California billionaire tax, if it passes",
        "url": "https://urgent.news/2026/10/22/mark-zuckerberg-makes-deal-with-meta-to-help-him-pay-california",
        "published": "2026-10-22T19:17:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}