Meta Platforms announced that it will create non-voting Class C shares to facilitate fundraising for AI investment. The shares are scheduled to be introduced from January 2027, with the move intended to prevent CEO Mark Zuckerberg's control from being weakened.
Meta Platforms will create a new Class C share to facilitate fundraising as it expands its AI investment. The company plans to use the Class C shares for future share issuances and other purposes, and they will carry no voting rights.
The introduction of the Class C shares is intended to prevent CEO Mark Zuckerberg's control from being weakened. The company explained that the move is aimed at increasing flexibility in its capital policy alongside the existing share structure, which carries some voting rights.
The new Class C shares are expected to be used as a fundraising tool to support expanded AI investment and are planned for use in future share issuances.