If only the #MMTLP crowd had bothered to read a prospectus. They are all screaming about their tax treatment to their brokers when they should have been screaming at #MMAT

Some clips:

For U.S. federal income tax purposes, the Spin-Off will not be eligible for treatment as a tax-deferred distribution by Meta with respect to its stock. Accordingly, the Spin-Off will generally be treated as a fully taxable transaction.