Meta creates non-voting shares to support AI spending

Meta confirmed it will create a new class of non-voting stock and distribute it to existing shareholders as a dividend. CFO Susan Li said the shares would give the company flexibility for capital raising, employee compensation, acquisitions, and other corporate purposes while preserving founder voting control. The announcement came as Meta reported strong quarterly revenue and continued heavy spending on AI and Reality Labs.

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Meta revealed the stock plan while releasing quarterly results. Finance chief Susan Li said the new shares would trade publicly but carry no votes. They are meant for purposes including fundraising, staff pay, buying other companies, and routine corporate needs. She said the move would preserve the voting rights of current Class A and B holders and keep founder control in place.

Revenue hit $64 billion, a 26% increase from a year earlier, while costs and expenses climbed 68%. Reality Labs is projected