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Meta said it will issue a new class of non-voting shares to fund its AI initiatives, potential acquisitions, and employee compensation, with trading scheduled to begin in 2027. The announcement accompanied Q3 results and comments from CFO Susan Li and comes as Meta ramps AI spending (it forecasts $135–$145 billion in capital expenditures this year) and rolls out products like the Muse agent and Muse Wonder model.
Meta told investors on its Q3 earnings call that Muse has been adopted by more than 10 million users and that roughly 25% of people who set up Muse use it daily. CEO Mark Zuckerberg highlighted shopping as a top activity—over a quarter of engaged shopping users recorded average purchases above $200—cited Plaid usage, described Muse Secure VM and a forthcoming Muse Confidential VM, and said Meta expects to improve compute cost-efficiency by over 10x and scale Muse toward profitability and higher revenue per user.
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