Meta plans a non-voting stock class to fund AI spending
Original title: Meta wants to pay for its broad AI buildout with a newly created class of stock
The shares would be issued as a dividend and could raise capital without diluting Class A and B voting power.
Meta confirmed during Wednesday’s earnings call that it will create non-voting capital stock and distribute it to existing shareholders. CFO Susan Li said the class is meant for capital raising, employee compensation, acquisitions and other purposes while keeping the founder-led vote structure. Third-quarter revenue was $64 billion, up 26 percent year over year, while costs and expenses rose 68 percent. Mark Zuckerberg said more than 10 million people in the US and Canada had set up Muse personal agents in a month and a half.
- Reality Labs losses are expected to fall from 2025 levels to $18 billion–$19 billion.
- Named AI releases include Muse Spark, Muse Glimmer, Muse Wonder, Muse Spark Open and Muse Code.
- Zuckerberg said Muse ranked number one in the App Store almost every day.
- Li said youth-related trials are scheduled in the United States in coming months.
- Semafor first reported the non-voting-stock plan; Meta confirmed it on the earnings call.
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From the original article
3 min read at techcrunch.com
The social media giant is planning a new stock strategy to help power its broad investments in AI models and services.
By Lucas Ropek · techcrunch.com
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