EventBusinessOctober 22, 2026

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

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1 day · 8 reports · from Oct 21

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