Meta Creates Non-Voting Stock Class to Fund Record $145 Billion AI Expansion

Meta announced a new class of non-voting shares on October 21, 2026, as a novel way to fund its unprecedented artificial-intelligence infrastructure spending while preserving founder Mark Zuckerberg's voting control. The social-media giant will distribute one Class C share to existing shareholders for each Class A and Class B share they hold—a structure functionally equivalent to a two-for-one stock split in terms of market price effects. Trading in the new shares is expected to begin January 19, 2027.