Meta confirmed during its third-quarter results that it will create a new class of shares without voting rights. The new shares will be distributed to all existing shareholders as a stock dividend and can be used for raising capital, employee pay and acquisitions. The company says the aim is to preserve the voting power of current Class A and B holders. Quarterly revenue reached 64 billion dollars, up 26%, while costs rose 68% year on year.

What it means: What matters here is not the mechanics of the issue but the signal it sends: even one of the most profitable companies in the world wants extra funding tools to keep building artificial intelligence infrastructure. When expenses grow almost three times faster than revenue, advertising cash flow does not always cover data centres, chips and researcher salaries. Non-voting shares let the founder keep control, a choice that is widely debated in corporate governance because new investors put money in without a say in decisions. For the technology market more broadly, the move confirms that the AI race has become largely a race for capital: whoever can fund compute at scale has an edge. For users and smaller businesses that rely on Meta tools, the practical result is that AI features across Instagram, WhatsApp and advertising will keep changing quickly. It is worth watching the changes to terms of use and advertising costs that usually follow investments of this size.

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