Meta creates a non-voting share class to fund its AI push
AIMeta says it will issue a new class of non-voting shares to fund AI initiatives, potential acquisitions and employee compensation, with trading beginning in 2027. The company expects capital expenditures of $135 billion to $145 billion this year, up from its previous estimate of $130 billion to $145 billion.
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The Verge · AI · Emma Roth · theverge.comPublished · added here
Original title: Meta to create a new class of shares to fund AI push