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Meta confirmed plans to issue a new class of non-voting stock to fund its AI buildout while preserving existing shareholder voting power. The company reported $64 billion in revenue, a 26% jump, with costs rising 68%. CEO Mark Zuckerberg stated over 10 million people in the U.S. and Canada have set up Muse personal agents.
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Summary by ByteBrief

Meta Raises Capex Floor to $135 Billion

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)

Meta Announces New Class C Stock in 2027