Mark Zuckerberg Plots Deal to Pay Wealth Tax, Keep Meta Control

Bloomberg Television6 hours ago48:54

Mark Zuckerberg had a dinner-table ultimatum with his board, which came after months of wrangling over the company's financing needs and a proposed California wealth tax. Meta will offer a new class of non-voting shares to existing investors, and Zuckerberg will have a special agreement that will give him the ability to sell some of that stock without diluting his majority voting power. Ed Ludlow, Bloomberg Tech Host has the details. Plus, Jackie Reses, co-founder and CEO of Lead on becoming one of a handful of billionaires to buy a bank - and one that's growing exponentially. Max Levchin, CEO of Affirm on Affirm break down the latest news on his company's exclusive Buy Now, Pay Later partnership with Sam’s Club. And Nancy Tengler, CEO & CIO, Laffer Tengler Investments reacts to Meta and Tesla earnings. Chapters: 00:00:00 Bloomberg Businessweek Daily 00:01:51 Markets: Chips Plunge & Bond Yields Fall 00:05:10 Meta, Zuckerberg & the AI Spending Boom 00:09:24 Meta's New Stock Structure & Zuckerberg's Control 00:15:48 Founder Wealth, Taxes & Voting Power 00:21:15 Lead Bank & the Future of Fintech 00:24:20 How Banking Is Becoming Embedded Everywhere 00:26:10 AI Agents & the Future of Banking 00:30:00 Fintech, Banks & the AI Opportunity 00:34:25 Affirm & Sam's Club Team Up 00:35:54 Buy Now, Pay Later & Consumer Spending 00:39:05 Affirm vs. Credit Cards 00:43:10 Markets: Tech Stocks & Moderna Slide 00:45:04 Stock Movers: Tesla, Meta & Airlines -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

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