Meta to issue new class of non-voting shares to fund AI initiatives

Meta announced it is issuing a new class of non-voting shares to fund its AI initiatives, potential acquisitions, and employee compensation, with trading set to begin in 2027. The company expects capital expenditures this year to be between $135 billion and $145 billion, an increase from previous estimates. Susan Li, Meta’s chief financial officer, said the new shares will expand funding tools to support AI-driven business momentum.