Meta to create a new class of shares to fund AI push

Meta says it's issuing a new class of shares to fund its AI initiatives.

The Core Event

As part of its third-quarter earnings report released on Wednesday , the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027.

Key Facts

Meta says it's issuing a new class of shares to fund its AI initiatives.

Context & Significance

As part of its third-quarter earnings report released on Wednesday , the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027.

Outlook

Stay updated with continuous reporting from The Verge.