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How Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax

The billionaire told Meta’s board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.

© Victor Llorente for The New York Times

Mark Zuckerberg, the chief executive of Meta, at his home in Lake Tahoe, Calif. He has another California home in Palo Alto, close to Meta’s headquarters.
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Meta Earnings Show Increased A.I. Spending, Even as Cash Pressures Grow

The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.

© Scott Ball for The New York Times

Construction of Meta’s Richland Parish Data Center in Holly Ridge, La.
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