Zuckerberg stays in CA, Meta's AI plans intact

mark zuckerberg informed meta's board on september 9 that he was considering leaving california due to proposition 40, a ballot measure that would impose a one-time 5% tax on billionaires' assets. the meta board, concerned about the impact on the company's ai plans, reached an agreement with zuckerberg to stay in california. a new class of non-voting shares will be created, allowing zuckerberg to sell 20% of these shares to pay potential taxes and 80% over 8 years if he remains in california. this arrangement supports meta's ai investments, including its superintelligence labs and recent muse ai models.