Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal)

Source: TECHMEME · OCT 21, 2026

Meghan Bobrowsky / Wall Street Journal : Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 — The company, which reported record revenue of $64.2 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control