Meta plans to create a new class of non-voting shares as it expands its investment in artificial intelligence. The company's chief financial officer, Susan Li, said the shares will be distributed to existing shareholders through a stock dividend and could later be used to raise capital, compensate employees, or support acquisitions.
The proposed structure is intended to give Meta additional financing flexibility while preserving the voting power of current Class A and Class B shareholders. Li said it would also maintain the company's founder-led structure as Meta invests in AI.
AI growth and investment
Meta reported $64 billion in revenue for the third quarter, a 26% increase from the same period a year earlier. Costs and expenses rose 68% year over year.
The company has introduced several AI models and products in recent months, including Muse Wonder, Muse Spark Open and the Muse Code coding agent. CEO Mark Zuckerberg said more than 10 million people in the United States and Canada had set up Muse personal agents within six weeks of launch.
Meta says it is moving into a new phase focused on scaling its AI services. The new share class could provide another way to support that expansion, and its use may shape how large technology companies finance long-term AI investment.
