Mark Zuckerberg threatened to leave California rather than face billionaire tax — and Meta blinked

Meta has reached an agreement with Mark Zuckerberg to protect him from a potential California wealth tax targeting billionaires. The arrangement ensures the chief executive remains living in California, where the company headquarters are located. This move follows Zuckerberg evaluating moving his main residence out of the state due to Proposition 40. The social media firm, which operates Facebook, Instagram and WhatsApp, acted after Zuckerberg threatened to leave rather than face the proposed billionaire tax.