Meta is issuing a new class of non-voting shares to fund its AI initiatives, potential acquisitions, and employee compensation, with trading set to begin in 2027. The move was announced as part of the company's Q3 2026 earnings report, reflecting the significant capital required to compete in the AI transformation.
Background
Meta has been aggressively investing in AI infrastructure and capabilities, including developing its Llama large language models and building out data centers. The company faces mounting competition from Google, Microsoft, and OpenAI in the AI race.
- Source
- The Verge
- Published
- Oct 22, 2026 at 05:30 AM
- Score
- 6.0 / 10