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Meta Plans to Issue New Non-Voting Stock, Semafor Reports

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Meta Plans to Issue New Non-Voting Stock, Semafor Reports Meta Platforms Inc. plans to introduce a new class of non-voting stock that it could use to fund its heavy spending on artificial intelligence, according to a Semafor report. The plan could be announced as soon as Wednesday when Meta reports quarterly earnings, the publication said, enabling Meta to use the stock to fund acquisitions and AI spending without diluting Chief Executive Officer Mark Zuckerberg’s control of the company.

Meta Plans to Issue New Non-Voting Stock, Semafor Reports Meta Platforms Inc. plans to introduce a new class of non-voting stock that it could use to fund its heavy spending on artificial intelligence, according to a Semafor report. The plan could be announced as soon as Wednesday when Meta reports quarterly earnings, the publication said, enabling Meta to use the stock to fund acquisitions and AI spending without diluting Chief Executive Officer Mark Zuckerberg’s control of the company.
Meta (ORG) New Non-Voting (ORG) Semafor Reports Meta Plans (ORG) Semafor Reports Meta Platforms Inc. (ORG) Semafor (PERSON) AI (ORG) Mark Zuckerberg (PERSON)
Originally published by Bloomberg Technology Read original →