Geopolitics Alpha

Zuckerberg wins Meta deal to help him foot bill for possible California billionaire tax

Published . Updated .

GEOPOLITICS ALPHAZuckerberg wins Meta deal to helphim foot bill for possibleCalifornia billionaire taxGEOPOLITICS ALPHA

The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.

Directly affected

  • No company is named in this report.

Indirectly affected

  • SPY SPDR S&P 500+1.6%

    The broad U.S. stock market

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term U.S. government bonds

  • QQQ Invesco QQQ+2.3%

    Large technology stocks

  • GLD SPDR Gold Shares-3.3%

    Gold can move with the broad market

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
SPY———————
TLT———————
QQQ———————
GLD———————

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The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.

Source: BBC

This story

12 out of 100

“Zuckerberg wins Meta deal to help him foot bill for possible California billionaire tax” scores 12 out of 100. The score uses 1 sources.