Money · Thursday 22 October 2026 · story 13
Meta plans nonvoting stock class to fund AI model development
The Wall Street Journal reports that Meta plans a nonvoting stock class to fund AI model development. Meta said it takes effect in January 2027 and won't affect Mark Zuckerberg's voting control.
Why it matters. This points to more financing for AI model development at Meta without changing Mark Zuckerberg's voting control.
Read the original at wsj.com