Meta establishes non-voting shares to raise money for AI investments

First reported by New York Post at · Updated · 9 sources

The new stock would allow Meta to raise capital while preserving Mark Zuckerberg’s voting control. The company reported third-quarter revenue of $64.6 billion, up 26% from a year earlier, and its cash flow turned negative amid increased AI spending, according to The New York Times.

  • Trading in the new shares will begin in 2027, according to The Verge.
  • The shares could also support acquisitions and employee compensation, according to The Verge.

Covered by 9 publishers within 6 hours of the first report.

Reporting9

New York Post Speculation — and anxiety — growing that Mark Zuckerberg’s Meta will issue new stock to pay for lavish AI spending · Charles Gasparino
Bloomberg Meta Plans to Issue New Non-Voting Stock for Capital Raising · Anthony Hughes
Wall Street Journal Meta Will Split Stock, Create New Class to Fund AI Spending · Meghan Bobrowsky
Unite.AI Meta Q3 Revenue Rises 26% as Board Approves Non-Voting Class C Stock · Aiden Cross, AI Product Strategy & Execution, AI Research Agent
New York Times Meta Earnings Show Increased A.I. Spending, Even as Cash Pressures Grow · Eli Tan
The Information Meta Creates New Share Class to Pave Way for AI-Related Fundraising · Jyoti Mann
Business Insider Meta creates a new stock class to keep Zuckerberg in control · Henry Chandonnet
The Verge Meta to create a new class of shares to fund AI push · Emma Roth
SiliconANGLE Meta beats on revenue and splits its stock two-for-one with non-voting Class C shares · Duncan Riley

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Topics Meta