Zuckerberg's Meta share split lets him sell or donate stock without losing control

Trevor Milton clashes with the hosts over jet launch coverage

The hosts recap a dispute with Trevor Milton after they covered the unveiling of his new jet company, which featured a full-scale mockup plane rather than a flying prototype. Milton responded in the comments, writing

"Haters are going to hate. We already have more than 50 on order by real buyers."

He also sparred with other critics online, telling one commenter "We wouldn't sell you one" and claiming elsewhere that the launch had landed "almost a billion in orders."

The hosts highlight what they call an odd moment in the exchange: Milton accused another poster, identified as Preston Holland or "the VIP seat," of misleading the world by sharing a photo of the plane with a visible support post, and responded with a cropped screenshot that the hosts mock as sloppy. Milton also claimed to have "broke the world speed record for light jets as a pilot," though the hosts note reports suggesting he was aboard the record-setting flight but not actually the pilot, calling it "stretching the truth."

Meta's new Class C stock reopens the Zuckerberg control debate

The hosts explain that Meta is introducing Class C shares, distributed one-for-one to existing Class A and B holders starting next year. They describe it as effectively a two-for-one stock split that doesn't raise capital, enrich Zuckerberg, or dilute existing ownership, but changes the voting structure: Class B carries 10 votes per share, Class A one vote, and the new Class C zero votes.

They trace the idea back to a similar 2016 proposal tied to Zuckerberg's Chan Zuckerberg Initiative giving, which was withdrawn in 2017 before a scheduled Delaware trial. The hosts say the underlying goal hasn't changed: letting Zuckerberg sell or donate the economic portion of his stake without losing control of the company. They note two competing explanations circulating in coverage — one tying the move to California's billionaire tax and a Florida residency plan, another, from the New York Times, describing board negotiations where Zuckerberg reportedly threatened to sell his Palo Alto home, and a concern that spending 180+ days a year in Florida to dodge taxes could dilute his control below 50%.

The hosts conclude the two motives aren't mutually exclusive:

"I think he is actually [trying to have his cake and eat it too]."

They argue the market won't penalize the zero-vote shares much since investors buying Meta stock "just say what is the economic opportunity, what is the economic return."

iPhone Duo software called out as unfinished at launch

The hosts describe widespread criticism of Apple's iPhone Duo launch, pointing to screenshots showing apps like YouTube with black bars and layouts not adapted to the foldable screen. They contrast this with the Vision Pro, where developers reportedly declined early to build for Apple's new platform; here, major apps had reportedly had device access for about a month but still shipped unoptimized.

They cite John Gruber's review describing the device as feeling like "an extraordinarily polished prototype, but not a finished product that he'd want to buy and carry," and note commentary from Android-focused outlet Tech Droider accusing Apple of hypocrisy for mocking other foldables' black bars before shipping the same flaw. One reviewer, Joanna Stern, reportedly had the hinge tested through 32,000 folds and found it held up, while another reviewer called the experience "half-baked."

The hosts expect the software issues to be fixed quickly, suggesting AI coding tools could let small developers patch foldable layouts faster than before. They also note Ben Thompson's Stripe sponsorship announcement, framing it as part of a broader trend of tech podcasts picking up advertising deals.