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Thursday, 22 October 2026
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SEC filings show how Meta restructured its stock

SEC filings show how Meta restructured its stock to shield Mark Zuckerberg from California's proposed wealth tax, after he said he'd sell his Palo Alto home

TL;DRMeta restructured its stock to help Zuckerberg avoid California's potential wealth tax.

Why it matters: Shows how corporations actively structure deals to shield executives' personal wealth from taxation.

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1h

Epic says "Fortnite is coming back

Australian court forces Apple to allow Fortnite back on App Store after antitrust ruling.

1h

An Australian federal judge rules Apple must let Australian iPhone

Australian court forces Apple to allow third-party app stores on iPhones by March 2027.

22m

Europe Should Accept Reliance on US Tech, Palantir’s Mosley Says

Palantir executive says Europe should accept depending on American tech companies.

34m

Meta Gains on Results, New Stock Class to Fund AI

Meta's AI investments are paying off; company raising capital spending and creating new stock class.

42m

SoftBank Market Value Poised to Halve From Peak

SoftBank's stock value could drop 50% from peak due to rising costs and AI investment doubts.

1h

Nokia Profit Beats Estimates as Data Centers Fuel Growth

Nokia's profits beat expectations thanks to booming data center equipment sales.

1h

IBM CEO says open weight models are now irresistibly good and cheap

Open-source AI models now match proprietary ones at a fraction of the cost.

2h

Venture Capitalists Push Up AI Startup Valuations with Tranched

VCs are inflating AI startup valuations using structured investment deals, sometimes before companies have products.

2h

UK Taxman to Tackle Rogue Advice From Artificial Intelligence

UK tax authority warns AI is giving incorrect tax advice to people.

2h

Westpac Axes 140 More Roles

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