Zuckerberg says moving home "would be public and inevitably noted" amid California tax proposal

Mark Zuckerberg told Meta’s board he was considering moving his main home out of California and raised internal-communication concerns about the process, according to a filing, as the state weighs a proposed one-time 5% tax on billionaire wealth. The filing says Zuckerberg cited the possible tax bill. Although he holds a minority of Meta’s economic value, special shares give him most voting power. Meta agreed he will stay a California resident for eight years, or move if headquarters does, and approved non-voting Class C stock effective January 2027. Distributed one per existing A or B share, the stock would let him sell up to 20% of those new shares for taxes without losing control. Meta says his presence near its Menlo Park headquarters matters and the structure aids capital raising, including AI infrastructure.