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Meta CEO Mark Zuckerberg to Receive New Shares in Exchange for California Residency Commitment

According to the South China Morning Post, Meta Platforms CEO Mark Zuckerberg is set to receive a new allocation of shares in the company he founded, contingent upon his commitment to reside in California for a minimum of eight additional years. This arrangement is partly intended to mitigate the potential tax implications for the CEO's company voting power before a ballot in November regarding a temporary wealth tax on billionaires residing in the state.

Assembled News Desk1 min read
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Meta Platforms CEO Mark Zuckerberg is slated to receive an additional portion of shares in the company he established, provided he agrees to remain in California, where Meta is based, for a minimum of eight more years, as reported by the South China Morning Post.

This action is partly described as a financial incentive designed to ensure Zuckerberg's continued presence in California, particularly as voters are scheduled to decide in November on a temporary tax targeting the wealth of billionaires who reside within the state.

Meta disclosed the agreement through a securities filing that coincided with its quarterly earnings report. The company announced it would issue a new category of non-voting shares and provide all current shareholders with a one-time increase corresponding to each share they possess.

This includes Zuckerberg, who held over 342 million Meta shares at the close of 2025. Most of these shares are classified as super-voting shares, which effectively grant him more than 60 per cent control over the corporation, according to documentation related to the company's annual report.

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Southern Italy Truckers' Protest Halts Buffalo Mozzarella Production, Causing €3 Million Loss Amid Diesel Price Hike

A protest by truckers in southern Italy, linked to the high cost of diesel, has stopped the production of buffalo mozzarella, resulting in an estimated loss of €3 million (US$3.37 million) within a single day, according to an official cited by the South China Morning Post. The strike has also blocked deliveries of other essential goods to supermarkets and left fuel pumps empty in much of southern Italy.