Meta AI spending and nonvoting stock plan

TechmemeRSSWed 21 Oct, 20:50

Filing: Meta says Mark Zuckerberg is considering leaving California if it passes a one-time 5% tax on billionaires; voters will decide on the measure next month (Pierre Paulden/Bloomberg) Pierre Paulden / Bloomberg: Filing: Meta says Mark Zuckerberg is considering leaving Califo

WIREDRSSWed 21 Oct, 22:39

Mark Zuckerberg Agrees to Stay in California Despite Billionaires’ Tax Ballot Measure Meta’s board feared that its CEO’s departure could disrupt the company’s AI ambitions. A new stock agreement gives him financial incentives to stay put.

TechmemeRSSWed 21 Oct, 20:10

Meta reports Q3 revenue up 26% YoY to $64.6B, operating income down 37% to $12.99B on a $9.89B AG settlement charge, and family DAP up 3% to 3.64B for September (Meta) Meta: Meta reports Q3 revenue up 26% YoY to $64.6B, operating income down 37% to $12.99B on a $9.89B AG settlem

TechmemeRSSWed 21 Oct, 20:20

Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal) Meghan Bobrowsky / Wall Street Journal: Meta says it will create a new class of nonvoting

ReutersBlueskyWed 21 Oct, 20:25

Meta to issue new class of shares as it tightens AI spending forecast Meta on Wednesday raised the lower end of its annual spending forecast and said it would introduce ​new non-voting shares, in a move that would help fund its costly AI expansion.

TechmemeRSSWed 21 Oct, 21:05

Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previously, and forecasts Q4 revenue of $73B-$76B, vs. $73.6B est.; META jumps 3%+ after hours (Riley Griffin/Bloomberg) Riley Griffin / Bloomberg: Meta expects its 2026 capex to be $135B-$145B, vs. $130B-$145B previ

The VergeRSSWed 21 Oct, 21:30

Meta to create a new class of shares to fund AI push Meta says it's issuing a new class of shares to fund its AI initiatives. As part of its third-quarter earnings report released on Wednesday, the company says the non-voting stock will also go toward potential acquisitions and

BloombergBlueskyWed 21 Oct, 22:30

Meta boosted its capital spending outlook and announced plans to create a new class of nonvoting stock, part of efforts to escalate its already-stratospheric bet on artificial intelligence. Meta Platforms Inc. boosted its capital spending outlook and announced plans for a new cl

TechCrunchRSSWed 21 Oct, 22:45

Meta wants to pay for its broad AI buildout with a newly created class of stock The social media giant is planning a new stock strategy to help power its broad investments in AI models and services.