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Business · Updated 22 Oct, 04:09 am IST

Mark Zuckerberg agrees to remain in California after new stock deal

Image: Wired AI

Why it matters for readers: It reveals how tax policy and local rules can influence where tech leaders choose to live and work.

  • Mark Zuckerberg agreed to stay in California under a new stock agreement, according to a company press report.1
  • Meta’s board was concerned that Zuckerberg leaving California could disrupt the company’s AI ambitions.1
  • The new stock agreement provides financial incentives aimed at keeping Zuckerberg in California despite a billionaires’ tax ballot measure.1
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