Meta will split stock, create new class to fund AI spending

The company, which reported record revenue of $64.6 billion for the third quarter, said the new stock won’t affect Mark ...

Meta to create a new class of shares to fund AI push

Meta says it’s issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report ...
Crypto Briefing

Meta raises AI spending floor and plans nonvoting Class C stock

The Class C structure also deserves attention from a governance perspective. Shareholders who already lacked meaningful ...
Shacknews

Meta to create new Class C shares to help fund AI spending while preserving Zuckerberg's control

While shareholders of a company would typically be granted some level of voting power when it comes to major decisions, those who buy Meta’s Class C common stock will not receive that privilege. These ...
The Information

Meta Creates New Share Class to Pave Way for AI-Related Fundraising

Meta Platforms announced a new class of non-voting shares that it said will enable it to raise capital for its aggressive AI investments while preserving CEO Mark Zuckerberg’s voting control. The new ...

Meta creates a new stock class to keep Zuckerberg in control

Meta established a new Class C of stock to ensure Mark Zuckerberg stayed as CEO. Zuckerberg has led the company's AI push.