Meta Plans Non-Voting Stock Class to Fund AI Expansion

Meta Platforms is preparing to launch a new class of non-voting stock as part of its broader strategy to finance an expansive artificial intelligence rollout. The move was disclosed during the company’s third-quarter earnings call, where CFO Susan Li outlined plans to distribute the new shares to existing shareholders via a stock dividend.

Why it matters for GPU / AI infrastructure

The newly created non-voting shares are intended to serve as a flexible instrument for capital raising, employee compensation, and acquisitions—key levers as Meta scales its AI operations. By maintaining voting control within current Class A and B shareholders, the company preserves its founder-led governance model while unlocking additional funding avenues for compute-heavy AI projects.

Strong earnings amid rising costs

Meta reported Q3 revenue of $64 billion, marking a 26% increase year-over-year, though operating expenses climbed 68% in parallel. Despite continued losses in its Reality Labs division, the company remains bullish on AI-driven growth, citing rapid adoption of its Muse suite of models and assistants.

• Muse personal agents reached over 10 million U.S. and Canadian users within six weeks.
• Recent AI releases include open-weight models and a developer-focused coding agent.
• Regulatory headwinds persist, particularly around youth safety and data privacy.