Meta is preparing to create a class of non‑voting shares, people familiar with the plan said. The shares would let the company raise cash without cutting Mark Zuckerberg’s voting power. The move could be disclosed when Meta reports earnings on Wednesday, Oct. 21, 2026. The proceeds are expected to go toward AI hires, chip purchases and acquisitions. Alphabet used a similar structure in 2014 to fund its own AI investments.
Why it matters
Investors may see more share dilution while the company retains founder control as it pours money into AI.
