Meta plans new stock class to fund AI investments

Meta announced plans to create a new class of non-voting stock to fund its AI investments, distributing shares to existing shareholders via a dividend. The move aims to preserve founder control while raising capital. The company confirmed the plan during its third-quarter earnings call, with CFO Susan Li stating the stock will support capital raising, employee compensation, and acquisitions. Meta reported $64 billion in revenue, up 26% year-over-year, though costs rose 68%. Meta’s AI products show strong adoption, with over 10 million users setting up Muse personal agents in the U.S. and Canada. The company faces ongoing regulatory scrutiny, including youth-related legal trials scheduled in coming months.