Meta wants to pay for its broad AI buildout with a newly created class of stock
Summary
- Meta plans to issue a new class of non-voting capital stock distributed as a stock dividend to existing shareholders.
- CFO Susan Li stated the new shares will fund AI investments, employee compensation, and acquisitions while preserving current voting power.
- Meta reported third-quarter revenue of $64 billion, up 26% year-over-year, alongside rising costs and expenses.
- CEO Mark Zuckerberg reported that over 10 million users in the U.S. and Canada set up Muse personal agents within six weeks.
- Reality Labs expects its losses to range between $18 billion and $19 billion relative to 2025 levels.
Why it matters
Meta's creation of non-voting stock provides a new financial mechanism to fund massive AI infrastructure and product scaling while protecting the founder-led voting structure.