An $8 billion Treasury break helped bring Meta’s tax rate to 2%. Now it has a week to answer senators about data center tax credits

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 .

Source: Fortune Crypto