The shares would be distributed to existing shareholders through a stock dividend.
Li said the publicly traded non-voting stock could be used for capital raising, employee compensation, acquisitions and other general corporate purposes. Meta said the structure is intended to preserve the voting power of its existing Class A and Class B shareholders and its founder-led structure while expanding its funding options for AI investment.
Meta reported $64 billion in quarterly revenue, up 26% year over year. Costs and expenses rose 68% year over year. The source does not establish how many non-voting shares Meta will issue, when it will issue them, how much capital they will raise, or how funds will be allocated among AI projects.