Meta to issue non‑voting shares to fund AI push
Meta will sell new non‑voting shares in 2027 to finance AI projects, acquisitions, and employee compensation.
Key facts
- Meta announced a new class of non‑voting shares.
- Shares will begin trading in 2027.
- The shares will fund AI initiatives, acquisitions, and employee compensation.
- Meta expects capital expenditures of $135‑$145 B this year.
Meta announced a new class of non‑voting shares to raise capital for its AI initiatives, acquisitions, and employee compensation. The announcement appeared in Meta’s third‑quarter earnings report released on 21 October 2026.
Meta said the new shares will expand its funding tools and give flexibility to invest behind the unprecedented momentum it sees across its business driven by AI. Susan Li, Meta’s chief financial officer, stated this during the earnings call.
Meta expects capital expenditures between $135 B and $145 B this year, up from the previous estimate of $130 B to $145 B. The company has poured billions into AI, building data centers, hiring talent, and developing AI models.
Alphabet made a similar move in 2014, issuing non‑voting shares alongside super‑voting shares to keep founders’ control above 50 %. Alphabet issued $85 B of new stock earlier this year to fund AI investments; half of the new shares carried no voting rights. Big‑tech firms have historically balanced new stock by buying back shares, but have paused repurchases due to AI costs.
Context
Meta’s move follows a trend among large tech firms to raise capital for AI through new share classes. Alphabet’s 2014 split introduced non‑voting shares to fund AI, illustrating the precedent.
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