Meta has announced the issuance of a new class of non-voting stock to raise funds for its AI initiatives

In its third-quarter earnings report released on Wednesday, Meta announced the issuance of a new non-voting stock class to fund AI initiatives, potential acquisitions, and employee compensation. The transaction is scheduled to begin in 2027. CFO Susan Li stated this will provide capital flexibility for investments in AI-driven businesses; Meta expects to raise its capital expenditure forecast for the year to $135 billion to $145 billion.