Meta plans non-voting stock as a new way to finance AI

SiliconANGLE reports that the planned dividend would give shareholders one new Class C share for each outstanding Class A or B share after an amended certificate of incorporation takes effect Jan. 19, 2027. Meta intends to list the new stock on the Nasdaq. The Verge reports that trading is expected to begin in 2027.

Earlier that day, Semafor’s Liz Hoffman reported, citing people familiar with the matter, that Meta was planning non-voting shares. Semafor suggested the company might lean heavily on future stock sales to fund its AI buildout. Meta’s subsequent announcement established the plan for the shares, not a commitment to those sales. For a sense of the investment ahead, The Verge reports that Meta expects 2026 capital expenditures of $135 billion to $145 billion, compared with its previous estimate of $130 billion to $145 billion.