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Meta's board approved a new Class C non-voting stock on Oct. 19 to fund AI buildout. Every Class A and B holder receives one Class C share starting Jan. 19, 2027, acting as a two-for-one split. Founder Alignment Agreement signed Oct. 20. Zuckerberg must remain a California resident for eight years.
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Summary by ByteBrief
Meta Creates New Non-Voting Stock Class

Meta Issues New Shares for AI Funding

Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal)