Meta Creates New Share Class to Pave Way for AI-Related Fundraising

T1Covered by 1 source · first reported by The Information (teasers) at 21 Oct, 20:34 UTC

Meta Platforms announced a new class of non-voting shares that it said will enable it to raise capital for its aggressive AI investments while preserving CEO Mark Zuckerberg’s voting control. The new Class C common stock, announced Wednesday alongside quarterly results, is expected to take ...

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• T1Meta Creates New Share Class to Pave Way for AI-Related FundraisingThe Information (teasers)21 Oct, 20:34