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Meta plans non-voting shares to fund AI investment

Developing1 reports1 sourcesupdated 2 h ago

What happened

AI digest

On 22 October 2026, Meta said in its third-quarter results that it will issue a class of non-voting shares to support AI plans, potential acquisitions and employee compensation, with trading to begin in 2027. The company expects capital expenditure of $135bn to $145bn this year, up from its previous $130bn to $145bn range. CFO Susan Li said the new shares will broaden its financing tools and give it investment flexibility for the business momentum created by AI.

Written by AI from the reports · updated 1 h ago

LatestOct 22 05:30
Meta announced it will issue non-voting shares, with trading starting in 2027, and raised the lower end of its capital expenditure forecast for this year.

Timeline

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Oct 22
  1. The Verge · AI
    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 toward potential acquisitions and employee compensation, with trading beginning in 2027.

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