Meta to issue a new share class to fund its AI push
Original title: Meta to create a new class of shares to fund AI push
The non-voting stock, also for acquisitions and pay, is set to trade in 2027 as 2026 capex rises to $135–145 billion.
Meta said in its third-quarter earnings report that it will issue a new class of non-voting shares to fund AI work, potential acquisitions and employee compensation, with trading beginning in 2027. CFO Susan Li said the shares expand funding tools amid AI-driven growth. Meta now expects capital expenditures of $135 billion to $145 billion this year, up from a prior $130 billion to $145 billion range. Its Muse agent has reached 10 million US downloads, while a reported privacy leak and publicly exposed chats led Meta to pause conversation sharing.
- Trading of the new non-voting class is planned to begin in 2027.
- This year’s capex guidance is $135 billion to $145 billion.
- Muse launched in September and hit 10 million US downloads this week.
- Meta paused Muse conversation sharing after chats were found on the web.
- A YouTuber said Muse gave his address to a Facebook Marketplace stranger.
- Vendors
- Meta
- Products
- Muse
- Organizations
- OpenAI
- AI models
- Muse Wonder
From the original article
2 min read at theverge.com
Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027.
By Emma Roth · theverge.com
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