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Meta to create new non-voting share class in 2027 to fund AI development

#meta#ai-funding#stock#nonvoting-shares

Meta announced plans to create a new class of nonvoting stock to raise capital for AI model development, acquisitions, and employee compensation. The new shares, effective in January 2027, will not affect Mark Zuckerberg's voting control. The company reported record third-quarter revenue of $64.2 billion.

Coverage timeline

  1. Techmeme
    Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal)

    Meghan Bobrowsky / Wall Street Journal : Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 — The company, which reported record revenue of $64.2 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control

  2. The Verge AIEmma Roth
    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. "The scale of investment required to compete, sustain growth, expand infrastructure, and pursue new strategic initiatives amidst the AI transformation taking place in the industry is significant," Meta says in the press release. Susan Li, Meta's chief financial officer, added during an earnings call that the new class of shares will "expand our funding tools and gi … Read the full story at The Verge.

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