Meta Introducing Class C Stock, iPhone Duo’s Botched Launch | Diet TBPN

Meta's new zero-vote Class C stock lets Zuckerberg sell/donate shares and dodge California taxes while keeping control.

• Meta's Class C split: Meta will issue one zero-vote Class C share per existing A/B share in early 2026, a two-for-one split that lets Zuckerberg sell or donate economic stake without losing his 10-vote-per-share control.
• Tax and residency motive: NYT reports Zuckerberg gave Meta's board an ultimatum over dinner Sept 9, implying he'd sell his Palo Alto home and relocate to Florida to dodge a potential California 'billionaire tax' that could hit a prior stock proposal retroactively.

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