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Meta strikes deal with Zuckerberg to protect him from California wealth tax (www.theguardian.com)
submitted 19 hours ago by to c/technology@lemmy.world
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[–] 4 points 13 hours ago (2 children)

There is no new money.

Its a shares split with half being voting shares and half being not voting shares.

Zuckerberg will sell the non voting shares.

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  • [–] 1 point 5 hours ago (1 child)

    Non voting shares shouldn't exist. Buying a piece of a company and not being able to voice a say is an insane system

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  • [–] 1 point 5 hours ago*

    If you want to vote just buy the voting ones. If you dont want to vote, get the non voting ones for a discount. No ones being forced to buy these, they're being equally given to everyone, and everyone will have the same voting rights once its done.

    Most retail investors dont even vote.

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