GoKawiilMeta to create new non-voting stock class to fund AI expansion
Meta confirmed during its third-quarter earnings call that it will create a new class of non-voting capital stock, distributed to all existing shareholders as a stock dividend. CFO Susan Li said the shares are meant to support capital raising, employee compensation, acquisitions and other corporate needs while preserving the voting power of current Class A and B shareholders. The announcement came alongside strong quarterly results, with revenue up 26% year-over-year to $64 billion, though expenses rose 68%.