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Meta to create a new class of shares to fund AI push
Meta says the new class of shares will also fund acquisitions and employee compensation.
AI Summary
Meta announced it will issue a new class of non‑voting shares to raise capital for its AI projects. The shares are also earmarked for potential acquisitions and employee compensation. The company disclosed the plan in its third‑quarter earnings report released on Wednesday. Trading of the new shares is scheduled to begin in 2027.
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