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Last updated Friday, October 23, 2026 — 6:58 AM EDT
Meta’s plan to offset a possible $10bn wealth-tax bill for Mark Zuckerberg is sharpening the fight over California’s Proposition 40, a one-time 5% levy on residents worth more than $1bn, with voting set for Nov. 3.
Meta’s board cut CEO Mark Zuckerberg a stock-split deal after he considered leaving California over a proposed billionaire wealth tax that could have forced share sales weakening his voting control of the company.
Meta said during its Q3 earnings call that its Muse AI app has over 10 million users, with shopping a top activity; it has paused the app’s conversation share-link feature after researchers enumerated thousands of discoverable links.
