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Meta announced a new Class C stock on Wednesday to fund AI and address a potential California wealth tax. CEO Mark Zuckerberg agreed to stay in California for eight years and keep his $1 salary. The deal takes effect on Jan. 19, 2027, giving shareholders a one-for-one dividend.
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Summary by ByteBrief

Meta Launches Class C Stock in 2027
Meta Creates New Non-Voting Stock Class

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)