Meta Creates Non-Voting Share Class to Fund AI and Acquisitions
Meta Platforms said it is creating a new class of non-voting shares to fund AI ambitions, pursue acquisitions and reward employees while preserving CEO Mark Zuckerberg’s control.
By Anzar Mehraj and Prathik JayaprakashMeta Platforms NASDAQ:META said on Wednesday that it is creating a new class of non-voting shares to fund its AI ambitions, pursue acquisitions and reward employees without weakening CEO Mark Zuckerberg's control.The move follows a structure used by some othe…