Source: Business Insider
“Meta’s board wants Mark Zuckerberg to stick around. The company announced a new category of non-voting Class C stock in its third-quarter earnings report. It listed several reasons for creating the new class — one of which is to keep the CEO in control. … The stock class will also provide Meta the ability to finance its growth, the earnings report said. Meta is spending big on AI and the data centers needed to power it. The company reported $34.91 billion in third-quarter capital expenditures. Meta’s press release said the distribution would effectively amount to a two-for-one stock split for existing shareholders.” (10/21/26)
https://www.businessinsider.com/meta-stock-split-keep-mark-zuckerberg-2026-10