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Thursday, October 22, 2026Updated 00:53 UTC

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Meta to create a new class of shares to fund AI push

Source: The Verge · Oct 21, 2026 21:30 UTC

Close-up of supercomputer cabinet panels in a NASA data center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027. "The scale of investment required to compete, sustain growth, expand infrastructure, […]

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