Meta called the deal with Zuckerberg its “Founder Alignment Agreement,” saying it was “critically important” to keep him leading the company from California given the “dramatic and unprecedented transformation taking place in the tech industry and global economy related to artificial intelligence.” The company alluded to problems the company experienced during the Covid-19 pandemic, when
Meta CEO Mark Zuckerberg has agreed to keep living in Silicon Valley for eight years, potentially exposing himself to billions of dollars in one-time taxes if California voters approve a contentious ballot measure next month, according to a company regulatory filing released Wednesday. During a dinner with Meta board members on September 9, Zuckerberg informed
Meta CEO Mark Zuckerberg intends to maintain control over the company he founded in 2004 and a new class of stock will help him do just that. On Wednesday as Meta released third quarter earnings results, the company announced that it would issue a new share class of Class C stock. The share class, which
Supporters of California’s proposed billionaire tax say it could raise $100 billion, with 90% of the proceeds earmarked for health care. A pair of Stanford economists warn it could instead leave the state $39 billion worse off in today’s dollars. Proposition 40, on California’s Nov. 3 ballot, would impose a one-time 5% tax on the
California state workers will launch a one-day strike Wednesday, urging Gov. Gavin Newsom’s administration to agree to a new contract that increases workers’ pay, ensures affordable healthcare access and allows more flexibility for remote work SACRAMENTO, Calif. — California state workers will launch a one-day strike Wednesday, urging Gov. Gavin Newsom’s administration to agree to
An exhibition dedicated to the music of Ryan Coogler’s Oscar-winning “Sinners” has opened at the California African American Museum. “Sinners: Sounds That Summon” is on view Oct. 20-March 14. Presented in collaboration with Warner Bros. Archives, the presentation is the first museum exhibition devoted to film’s music. “Sound has the power to form creative worlds
