logo
About Contact

Meta Introduces New Non-Voting Stock Class to Finance Ambitious AI Initiatives

Technology News

Meta Introduces New Non-Voting Stock Class to Finance Ambitious AI Initiatives

Meta is creating a new non-voting stock class it could use to fund its AI buildout

Quartz

Meta is creating a new non-voting stock class it could use to fund its AI buildout

Meta plans a dividend of one Class C share per existing share, which it expects to work like a two-for-one split for Class A stock

Meta Will Split Stock, Create New Class to Fund AI Spending

The Wall Street Journal

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 Zuckerberg’s voting control.

Meta to create new non-voting share class

Financial Times

Meta to create new non-voting share class

Change would enable the social media group to sell shares to fund AI investment without reducing Mark Zuckerberg’s control

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

The Verge

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 released on Wednesday, the company says the non-voting stock will also go...

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

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. ...

Meta Plans to Issue New Non-Voting Stock, Semafor Reports

Bloomberg

Meta Plans to Issue New Non-Voting Stock, Semafor Reports

Meta Platforms Inc. plans to introduce a new class of non-voting stock that it could use to fund its heavy spending on artificial intelligence, according to a Semafor report.

Meta Boosts Bet on AI With New Spending Outlook, Stock Offering

Bloomberg

Meta Boosts Bet on AI With New Spending Outlook, Stock Offering

Meta Platforms Inc. boosted its capital spending outlook and announced plans to create a new class of nonvoting stock, part of efforts to escalate its already-stratospheric bet on artificial...

Speculation — and anxiety — growing that Meta will issue new stock to pay for lavish AI spending

New York Post

Speculation — and anxiety — growing that Meta will issue new stock to pay for lavish AI spending

Speculation is growing that Meta will issue new stock to finance a massive buildout of AI infrastructure – even as Wall Street grows increasingly skittish over whether the big bets will pay off,...

Meta performs stock split to keep Zuckerberg in control

Business Insider

Meta performs stock split 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.

Meta Earnings Show Increased A.I. Spending, Even as Cash Pressures Grow

The New York Times

Meta Earnings Show Increased A.I. Spending, Even as Cash Pressures Grow

The spending has hurt the Silicon Valley giant’s cash flow, which turned negative. Meta said it would issue a new class of stock to help it raise more money.

Meta Is Getting Creative to Fund Its Massive AI Investments

The Wall Street Journal

Meta Is Getting Creative to Fund Its Massive AI Investments

Plus, the Starlink slowdown hurt Ukraine’s ability to stop Russian attacks, and U.S. special envoy Steve Witkoff praised Vladimir Putin as a ‘humanitarian.’

Coverage dates

First reported:

First saved on ClustZ:

Coverage updated:

We use cookies to improve your experience and analyze site traffic. By clicking "Accept", you agree to our use of cookies. See our Privacy Policy.