Meta links new executive stock options to $13 trillion valuation

Meta Platforms has offered top executives stock options that could pay out hundreds of millions of dollars and are tied to lifting its valuation sixfold to more than $US9 trillion ($13 trillion), in a bid to retain talent and spur aggressive growth in the AI era.

The options are the social media giant’s first for its top brass and require steep stock milestones. They suggest big tech is rethinking incentives as it pours hundreds of billions of dollars into data centres and departs from its long-standing reluctance to raise debt to gain an edge in the artificial intelligence race.

Reuters