Source The Verge · Published · Open the original ↗
Markets
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. 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. "The scale of investment required to compete, sustain growth, expand infrastructure, […]
Meta says the new class of shares will also fund acquisitions and employee compensation.
Meta says the new class of shares will also fund acquisitions and employee compensation.
Meta says it’s issuing a new class of shares to fund its AI initiatives. 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.
The opening of the report, quoted unchanged from The Verge. The full text continues at the source.