AI & Enterprise
Meta third-quarter revenue up 26 percent, to create non-voting shares to fund AI investment
Meta will issue new non-voting shares to raise funds for AI investment, The Wall Street Journal reported. The company disclosed plans to create Class C common stock that will take effect in January 2027 and will not affect CEO Mark Zuckerberg’s voting control. Meta reported third-quarter revenue of $64.6 billion, up 26 percent, while net profit of $9.8 billion missed analysts’ estimates, pressured by a $9.9 billion settlement cost.
