newsOctober 21, 2026·The Verge AI
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 inves
tment required to compete, sustain growth, expand infrastructure, and pursue new strategic initiatives amidst the AI transformation taking place in the industry is significant," Meta says in the press release. Susan Li, Meta's chief financial officer, added during an earnings call that the new class of shares will "expand our funding tools and gi … Read the full story at The Verge.
Key Takeaways
- •Susan Li, Meta's chief financial officer, added during an earnings call that the new class of shares will "expand our funding tools and gi … Read the full story at The Verge.
- •This story was reported by The Verge AI, covering developments in the news space.
- •AI advancements continue to reshape industries — read the full article on The Verge AI for complete coverage.
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