Meta launches non-voting Class C shares to fund AI and address California wealth-tax proposal

TechCrunch • 22 Հոկ 23:50

Meta announced a new class of non-voting stock that will be issued to existing shareholders and may allow CEO Mark Zuckerberg to sell shares to cover a potential California billionaire tax without losing voting control.

CNBC • 22 Հոկ 20:35

Meta filed a plan to grant non-voting Class C shares to Mark Zuckerberg, allowing him to cover a potential California billionaire tax while remaining in the state for at least eight years.

CBS News • 22 Հոկ 14:28

Meta announced a board-approved plan to issue nonvoting Class C shares that Mark Zuckerberg can sell to fund a potential California billionaire wealth tax, while committing to remain a state resident for eight years.

Fox News • 22 Հոկ 12:37

Meta posted solid third-quarter earnings and growth for its Muse AI agent, while its stock fell about 3% after announcing higher capital spending and a new non-voting share class.

The Guardian • 22 Հոկ 10:10

Meta will create a new class of non-voting shares that Mark Zuckerberg can sell to cover a possible one-off wealth tax in California, while committing to stay in the state for eight years.

Fox Business • 22 Հոկ 07:08

Meta will create a new class of non-voting stock that Zuckerberg can sell to cover a potential billionaire wealth tax, in exchange for his commitment to remain a California resident for eight years.

Reuters • 22 Հոկ 02:03

Meta will issue non-voting Class C shares to Mark Zuckerberg, allowing him to fund a possible California wealth-tax bill while committing to stay in the state for eight years.

Fortune • 21 Հոկ 23:59

Meta announced a one-for-one distribution of new non-voting Class C shares, a move aimed at raising capital without diluting Mark Zuckerberg’s voting power and to help cover a possible California wealth-tax liability.

Reuters • 21 Հոկ 21:23

Meta announced a new class of non-voting stock to finance its AI investments after reporting strong growth for its Muse AI agent and better-than-expected quarterly results.

TechCrunch • 21 Հոկ 21:14

Meta said its AI assistant Muse now has over 10 million users, with a quarter of engaged shoppers spending more than $200 per purchase, and outlined plans to scale the service and improve profitability.

Semafor • 21 Հոկ 19:17

Meta announced plans to create a class of non-voting stock that can be sold to fund artificial-intelligence projects without reducing Mark Zuckerberg’s voting control.

Yahoo Finance • 20 Հոկ 18:41

Meta is expected to post earnings of $3.56 per share on $63.3 billion revenue for the third quarter, while capital spending and losses in its Reality Labs unit are projected to rise sharply.