Technology & AI

Meta wants to pay for its broad AI buildout with a newly created class of stock

Source: TechCrunch · Published

Meta wants to pay for its broad AI buildout with a newly created class of stock
Source: TechCrunch

The social media giant is planning a new stock strategy to help power its broad investments in AI models and services.

The social media giant is planning a new stock strategy to help power its broad investments in AI models and services.

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Meta to create a new class of shares to fund AI push
Technology & AI

Meta to create a new class of shares to fund AI push

Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday , the company says the non-voting stock will also go toward potential acquisitions and employee compensation, with trading beginning in 2027

The Verge ·