Meta to create new non-voting share class to fund AI initiatives
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.