AI news · Meta · AI spending
Meta creates non-voting shares to pay for its AI build-out
Meta will hand every shareholder a new non-voting share for each one they hold, giving it stock to sell for cash while Mark Zuckerberg keeps control.
Meta is creating a new class of shares that carry no vote, so it can raise money for artificial intelligence without diluting Mark Zuckerberg’s control. The company announced the plan with its third-quarter results on Wednesday 21 October 2026.
From 19 January 2027, when a change to Meta’s charter takes effect, shareholders receive a Class C share for every share they own, paid as a dividend, SiliconANGLE reports. Meta intends to list the new stock on Nasdaq. The shares give Meta currency for acquisitions, staff pay and fresh capital. Zuckerberg’s 13.4 per cent stake still carries about 60.6 per cent of the votes.
The money question is real. Operations brought in $32.79 billion of cash in the quarter, while data centres and equipment took $34.91 billion. Revenue rose 26 per cent to $64.6 billion, and ads supplied $63.06 billion of it. Meta now puts this year’s capital spending at $135 billion to $145 billion, a narrower range than the $130 billion to $145 billion it gave before, The Verge reports.
Much of that computing goes to Muse, the AI agent app that passed 10 million US downloads this week. About one in four people with a Muse account uses it every day, Zuckerberg says, TechCrunch reports.
Meta’s AI build-out now costs more each quarter than its ad-funded business brings in as cash.
Sources
- SiliconANGLE: Meta beats on revenue and splits its stock with nonvoting shares to raise capital. Checked
- The Verge: Meta to create a new class of shares to fund AI push. Checked
- TechCrunch: Meta says Muse has over 10M users, with shopping a top activity. Checked
Alexandre S.
Alexandre S. is a creative ad strategist and copywriter with ten years' experience in digital marketing across multiple channels.
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