Meta announced that it will issue a fresh class of non‑voting shares to raise capital for its artificial‑intelligence projects. The move was disclosed in the company’s third‑quarter earnings release on Wednesday, which also noted that the proceeds could be used for future acquisitions and to fund employee compensation. Trading of the new shares is slated to begin in 2027.
In a press statement, Meta explained that “the scale of investment required to compete, sustain growth, expand infrastructure, and pursue new strategic initiatives amidst the AI transformation taking place in the industry is significant.” CFO Susan Li added during the earnings call that the new share class will “expand our funding tools and give us greater flexibility” as the company pursues its AI ambitions.