Hacker News Reader

California is the big loser here (as expected).

> Under the deal, Zuckerberg will receive new shares that could be sold to potentially foot a multibillion-dollar tax bill in the event that California passes a one-off billionaire tax.

Sounds like California gets what it wants either way? It's Meta that's getting used as Zuck's wallet.

> 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.

Yes while the article is a bit click-bait, "protect him from California wealth tax" sounds like he found some loop hole for not paying, it clearly says that it is about keeping control in the company and not avoiding to pay ...

> California is the big loser here (as expected).

Sad to see such a superficial and full of confirmation bias comment on HN. I am not taking position, I am not American and I don't think HN is the place for that anyway ... But please read the article before commenting

I’m not British, but The Guardian loves putting a certain spin of vilification on just about everything Right-coded.

he will be selling his stock to pay. literally nobody in this thread bothered to read the ` minute article

Reply on news.ycombinator.com