Meta plans new non-voting share class to fund AI expansion

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Meta announced it will issue a new class of non-voting stock to finance its artificial intelligence initiatives. The disclosure came alongside its third-quarter earnings report released on Wednesday. According to the company, the shares will also support potential acquisitions and employee compensation, with trading expected to begin in 2027. Meta cited the large investment needed to compete, grow, and expand infrastructure amid the industry's AI shift. Chief Financial Officer Susan Li said the move would broaden the company's funding options during the earnings call.

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