Story perspectives

Meta issues non-voting share dividend, Zuckerberg to sell 20%

By Drooid · Oct 22, 2026, 9:57 PM UTC · How we work

Summary

Meta Issues Dividend

Meta Platforms issued a one-for-one non-voting Class C share dividend to all shareholders.
Founder Mark Zuckerberg may sell 20% of the new shares now, about 10% of his economic stake.
The remaining 80% is stapled to sales of equal voting shares over eight years, preserving his roughly 60.6% voting control.
Meta’s shares fell 6.5% after the announcement.

Summary

Art Laffer Warns

UC Berkeley Institute of Governmental Studies reports 45% support, 42% opposition, and 13% undecided for Proposition 40.
Legislative Analyst’s Office says Proposition 40 could raise tens of billions but cut income-tax revenue by under $1 billion.
Economist Art Laffer warns the tax may trigger a billionaire exodus, reducing California’s income-tax revenue.
Hoover Institution projects $30 billion revenue yet a net present value loss of $38.9 billion after billionaire departures.

1 of 2

Meta Issues Dividend

Meta Platforms issued a one-for-one non-voting Class C share dividend to all shareholders.
Founder Mark Zuckerberg may sell 20% of the new shares now, about 10% of his economic stake.
The remaining 80% is stapled to sales of equal voting shares over eight years, preserving his roughly 60.6% voting control.
Meta’s shares fell 6.5% after the announcement.

1 / 2