Update
Meta Plans Non-Voting Shares for AI Funding
Meta, formerly known as Facebook, plans to issue non-voting shares to fund its artificial intelligence projects. The company, which is expected to announce this plan alongside its quarterly results, will allow it to issue new shares for acquisitions, attracting top AI talent, and paying for chips without diluting CEO Mark Zuckerberg's control. This move is similar to what Alphabet did in 2014, where it introduced non-voting shares alongside preferential voting shares to maintain co-founders Larry Page and Sergey Brin's control over 50%.