Accessibility helpSkip to navigationSkip to main contentSkip to footer Change would enable the social media group to sell shares to fund AI investment without reducing Mark Zuckerberg’s control Meta’s Muse personal assistant has been the top free app on Apple’s App Store and Google Play in the US for most of the time since its September launch© Minh Connors/Bloomberg Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta plans to create a new class of non-voting shares, allowing it to sell stock to fund its AI spending without diluting Mark Zuckerberg’s control of the company. Zuckerberg controls about 61 per cent of Meta’s votes through super-voting shares, and issuing more ordinary shares would steadily erode that majority.
The new shares will be distributed through a two-for-one stock split to existing shareholders, with the new shares to begin trading in January. Meta’s revenue rose 26 per cent year on year to $64.6bn in the third quarter, as Zuckerberg pours ever greater sums into his effort to turn the social media group into a leading AI company. Sales came in above Meta’s guidance of $61bn to $64bn and ahead of analysts’ estimates of $63.3bn.
The results are the latest test of Wall Street’s mood on AI, after SpaceX reported bumper earnings driven by its fast-growing business renting out computing power. That has helped steady a market concerned over AI spending, particularly by neoclouds such as CoreWeave. CopyrightThe Financial Times Limited 2026.All rights reserved.
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