Eat the rich.
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Zuckerberg, worth $239bn according to Forbes, told Meta he was considering moving his primary residence elsewhere because Prop 40 could expose him to a massive tax liability, potentially forcing him to sell voting shares to pay it. In response, Meta is creating a new class of non-voting shares via a two-for-one stock split for all existing shareholders. This will allow Zuckerberg to sell some of this new class C shares to pay a potential tax bill, without diluting his control of the company.
How scummy.
What the actual fuck is the point of non-voting shares apart from bailing out one massive douche?
Supposedly having those shares will entitle you to an equivalent share of the profits the next time they pay dividends