Zuckerberg's $50M donation to California may be his 'parting gift' to the State

Mark Zuckerberg is reportedly making significant investments in Sacramento, California, while simultaneously acquiring a lavish Miami mansion. This move, alongside other tech titans like Larry Page and Sergey Brin relocating to Florida, is fueled by California's proposed Billionaire Tax Act. The potential 5% tax on net worth exceeding $1 billion could cost Zuckerberg billions, prompting a westward exodus.

By TOI TECH DESK

Prominent Miami resort files for Chapter 11 bankruptcy