Meta Plans New Class of Non-Voting Stock to Fund Broad Artificial Intelligence Expansion

Meta plans to issue a new class of non-voting stock to help fund its broad expansion into artificial intelligence. Chief Financial Officer Susan Li confirmed the plan during the company’s third-quarter earnings call on Wednesday following initial reporting by Semafor. Under the plan, the company will distribute the non-voting shares to existing shareholders through a stock dividend.

Li stated that the new publicly traded shares will be used for capital raising, employee compensation, and acquisitions while preserving the voting power and founder-led structure of existing Class A and B shareholders. The financial announcement accompanied strong quarterly results. Meta reported $64 billion in revenue, marking a 26% increase from the previous year, though overall costs and expenses jumped 68%.

Meanwhile, CEO Mark Zuckerberg noted that over 10 million people in the U.S. and Canada set up Muse personal agents in just a month and a half. Despite the strong performance, Chief Financial Officer Li cautioned that ongoing legal and regulatory scrutiny remains a concern, pointing to youth-related trials scheduled in the United States in the coming months.