StudioMeta to create a new class of non-voting stock to fund its AI buildout
Original title: Meta wants to pay for its broad AI buildout with a newly created class of stock
Meta confirmed on its Q3 earnings call that it will create a new class of non-voting capital stock, distributed to existing shareholders via a stock dividend, to be used for capital raising, employee compensation and acquisitions while preserving voting power of Class A/B shareholders. The company posted $64 billion in revenue, up 26% year-over-year, while costs and expenses rose 68%. CFO Susan Li said the move preserves the founder-led structure and expands funding flexibility for AI-driven growth; Meta also expects Reality Labs losses to narrow to $18-19 billion from 2025 levels.
The article details Meta's confirmed plan to raise capital via a new non-voting stock class, alongside revenue and cost figures, useful context for its AI spending push.
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