Business · Updated 23 Oct, 06:59 pm IST

Meta to create new non‑voting Class C shares to fund AI spending

Why it matters for readers: It explains how a major tech company is raising money for AI while keeping its current governance intact.

Meta will issue a new Class C non‑voting share and distribute one Class C for every existing Class A and Class B share, effectively a two‑for‑one split.1
The Class C stock is intended for raising capital, compensating employees, acquisitions and other corporate purposes, and Meta expects to offer new shares from time to time.1
Meta said the move is driven by unprecedented investment needs to compete in AI and forecasted capital expenditures of $135–$145 billion for 2026.1
Creating non‑voting shares lets Meta raise equity without issuing more voting stock, maintaining CEO Mark Zuckerberg's control through existing super‑voting shares.1
The new Class C shares are expected to begin trading in January 2027 and be available for use as early as the end of 2026.1

Get a brief like this every morning

Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.