TIL Zuck is diluting META/FB’s stock and fleecing shareholders (401ks) to pay his personal California Tax Bill, subsidize hundreds of billions in lawsuit settlements/fines, and float the slop bubble.

green_goglin@thelemmy.club · 6 days ago

TIL Zuck is diluting META/FB’s stock and fleecing shareholders (401ks) to pay his personal California Tax Bill, subsidize hundreds of billions in lawsuit settlements/fines, and float the slop bubble.

Steve@communick.news · 6 days ago

This is just current news.
Not “Today, I learned” material.

Should be a 10year rule.
As in “This has been a thing for a decade, but I just learned about it now.”

green_goglin@thelemmy.club · edit-2 6 days ago

The current news cycle is only reporting the cap raise and attributing it to Meta’s AI CAPEX. Not his personal tax liability and the CA & NM AG lawsuits.

edit absent The Guardian https://www.theguardian.com/technology/2026/oct/22/meta-mark-zuckerberg-california-wealth-tax

Steve@communick.news · 6 days ago

That doesn’t make this the right community. It’s still just news

green_goglin@thelemmy.club · 6 days ago

Welp, perhaps we all learned something today.

Steve@communick.news · 6 days ago

That’s what news means.

green_goglin@thelemmy.club · 6 days ago

thanks Steve

TIL Zuck is diluting META/FB’s stock and fleecing shareholders (401ks) to pay his personal California Tax Bill, subsidize hundreds of billions in lawsuit settlements/fines, and float the slop bubble.

TIL Zuck is diluting META/FB’s stock and fleecing shareholders (401ks) to pay his personal California Tax Bill, subsidize hundreds of billions in lawsuit settlements/fines, and float the slop bubble.

Meta to create a new class of shares to fund AI push