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Meta Allows Zuckerberg to Sell Half His Stake

By Drooid · Oct 26, 2026, 2:26 AM UTC · How we work

Summary

Zuckerberg Sells Stake

Meta Platforms Inc. agreed to let CEO Mark Zuckerberg sell up to half his economic stake via non-voting shares.
Zuckerberg must remain a company leader and reside in California for the next eight years.
The share sale will be executed through a two-for-one stock split, with new shares trading in January 2027.
California Proposition 40 proposes a one-time 5 % tax on assets over $1 billion, potentially affecting Zuckerberg’s $246 billion net worth.

Summary

Brin & Page Exit

Google co-founders Sergey Brin and Larry Page are cutting ties with California over Proposition 40.
Building a Better California PAC has raised over $333 million, with Brin contributing roughly 30 %.
The “Yes on 40” campaign has collected $32.7 million to support the wealth-tax ballot measure.
Governor Gavin Newsom warned the 5 % tax could drive wealthy residents away, harming future revenue.

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Zuckerberg Sells Stake

Meta Platforms Inc. agreed to let CEO Mark Zuckerberg sell up to half his economic stake via non-voting shares.
Zuckerberg must remain a company leader and reside in California for the next eight years.
The share sale will be executed through a two-for-one stock split, with new shares trading in January 2027.
California Proposition 40 proposes a one-time 5 % tax on assets over $1 billion, potentially affecting Zuckerberg’s $246 billion net worth.

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