Meta Announces New Non-Voting Share Class to Fund AI Infrastructure and Acquisitions
Meta Platforms has announced plans to issue a new class of non-voting shares to finance its aggressive expansion into artificial intelligence. According to the company's third-quarter earnings report, the capital raised will be used to fund massive infrastructure investments, potential strategic acquisitions, and employee compensation. Trading for this new share class is expected to commence in 2027. The move comes as Meta significantly increases its capital expenditure guidance, now projecting spending between $135 billion and $145 billion for the year. CFO Susan Li noted that the additional funding tools are necessary to maintain momentum driven by AI advancements across the company's business segments.
Tickers: $META
Topics: AI investment Capital expenditure Earnings report New share class
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