Meta to create a new class of shares to fund AI push
- Who
- Meta
- What
- announced the creation of a non-voting class of shares to fund AI initiatives, potential acquisitions, and employee compensation
- Quote
Meta says it’s issuing a new class of shares to fund its AI initiatives.
What happened
Meta says it will issue a new class of non-voting shares to fund AI initiatives, potential acquisitions, and employee compensation, with trading beginning in 2027. Announced in its third-quarter earnings report, the shares will expand its funding options, according to CFO Susan Li. Meta also raised its capital expenditure forecast for this year to between $135 billion and $145 billion, from between $130 billion and $145 billion.
The story so far
Meta announced plans to issue a new class of non-voting shares to fund AI initiatives, potential acquisitions and employee compensation, with trading set to begin in 2027. CFO Susan Li said the shares would expand the company’s funding options. Meta announced the plan in its third-quarter earnings report, which also raised its capital expenditure forecast for 2026 to $135 billion–$145 billion, from $130 billion–$145 billion.
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