Meta creates non-voting Class C stock to fund AI buildout
Read original source →decrypt.co
Meta's board approved Class C shares on Oct. 19, distributed one-for-one to Class A and B holders starting Jan. 19, 2027, letting it raise equity without diluting Mark Zuckerberg's 60.6% vote. Capex outlook rises to $135B–$145B for 2026; Moelis told the board Meta could raise ~$700B before Zuckerberg's stake fell below 50%.
People · Mark Zuckerberg, Susan Li
How this story unfolded
1 day · 8 reports · from Oct 21
- Oct 21
- Oct 22
Meta Gains on Results, New Stock Class to Fund AIbloomberg.com
Meta wants to pay for its broad AI buildout with a newly created class of stocktechcrunch.com
Meta Makes Share Deal to Keep Zuckerberg in Californiabloomberg.com
Meta Doubles Down on AI Spending, Plans New Class C Sharesbloomberg.com
Meta Creates Non-Voting Stock to Fund AI Buildout, Keeping Zuckerberg in Controldecrypt.co
More stories today
Coding agents can induce manic overwork with little real output
Thariq·2 hours agoY Combinator video pitches AI for city hall permitting work
Y Combinator argues AI can automate plan reviews, zoning checks, inspections, licensing and public records, work still done largely by hand. It cites 19,000 US cities and notes permits can take longer to obtain than building the house.
YouTube·3 hours ago
Altman: OpenAI weighed flat-fee pricing, backed off after feedback
OpenAI considered dropping token-based pricing for its next model, letting developers submit a prompt and get a price for the work, before negative customer feedback reversed the plan, Sam Altman said. He spoke Thursday.
The New Stack·3 hours ago

DeepMind launches economics of AGI research program
Alex Imas·3 hours ago
EQUS launches beta of EQUS X personal assistant
Robert Scoble·3 hours ago
Brain-wave preference signals shown steering AI face generation
Robert Scoble·3 hours ago
Speridlabs' Idol turns a single image into a 3D Gaussian splat
Idol converts one photo, render, or generated image into up to 1,048,576 Gaussians, output as a standard 3DGS .ply file. It strips the background and frames the object automatically, running on consumer GPUs at 7.2 GB of VRAM.
r/StableDiffusion·3 hours ago
AWS Hydro team builds compiler checks for AI coding agents
Hydro, an open-source Rust framework for distributed systems, added a way to verify a system still works correctly when it resends messages after a failure. Shadaj Laddad said the resulting change was "like a 5000 line PR."
The New Stack·3 hours ago
