Meta issues non-voting Class C shares to raise capital without diluting voting power

Meta Platforms will issue one non-voting Class C share for every existing share to fund capital needs, including AI investment, as its third-quarter results showed negative free cash flow of $2.12 billion due to $34.91 billion in capital spending. The plan, recommended by an independent directors committee, aims to support corporate purposes while maintaining long-term value, noting Meta stock has gained over 1,700% since its IPO. The new shares take effect on January 19, 2027, and Meta holds $82.45 billion in cash and marketable securities as of September 30.