Meta has ‘extraordinary’ targets for Mark Zuckerberg, and shareholders get free stock
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
Meta will give shareholders free Class C shares each time its stock doubles and compounds at least 10% a year, targets the company calls "extraordinary." The non-voting Class C shares let CEO Mark Zuckerberg sell stock without losing control, and help him cover California's Prop ...
Meta will give shareholders free Class C shares each time its stock doubles and compounds at least 10% a year, targets the company calls "extraordinary." The non-voting Class C shares let CEO Mark Zuckerberg sell stock without losing control, and help him cover California's Prop 40 billionaire tax. Zuckerberg has committed to stay in California for eight years, while Meta plans to use the shares to fund its AI push.
Original Source
https://timesofindia.indiatimes.com/technology/tech-news/meta-has-extraordinary-targets-for-ceo-mark-zuckerberg-stock-has-to-double-then-double-again-and-each-time-shareholders-get/articleshow/135569116.cms
