Meta to create a new class of non-voting shares to fund AI expenses
In its Q3 earnings report, Meta confirmed a plan to issue a new class of non-voting shares, to be distributed to existing shareholders via a stock dividend. The funds will go toward raising capital, employee compensation and acquisitions while preserving Zuckerberg's control. The company's quarterly revenue was $64 billion, but expenses grew by 68%.
Sevara Azamova