Meta’s filings this week were dominated by its new class of non-voting stock, which would let Mark Zuckerberg raise cash, including enough to pay for a potential California wealth tax without giving up control of the company. Meta says it needs the new shares to fund its AI ambitions: Management’s forecasts “showed the Company’s need to raise hundreds of billions of dollars over a period of several years beginning as early as fall 2026,” according to its information statement.
While that news pertains to an individual’s potential tax bill, Meta’s quarterly report shows just how low the company’s tax bill might be.
