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Meta creates non-voting Class C stock, citing capital raising and AI spending
Meta said Oct. 21 its board approved non-voting Class C stock, issued as a one-for-one dividend (roughly a two-for-one split), effective in January. Meta lists capital raising, pay and acquisitions, including AI spending, as uses. Voting power is unchanged. Zuckerberg may sell up to 20% of his Class C shares, which the filing ties to California's Prop 40 billionaire tax.
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TechCrunchtechcrunch.com/2026/10/22/mark-zuckerbergs-creative-plan-to-pay-californias-proposed-billionaire-tax-without-losing-control-of-meta/Coverage · 1 article, oldest first
Thursday, October 22, 2026