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.
The Verge reports: 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 employee compensation, with trading beginning in 2027. "The scale of investment required to compete, sustain growth, expand infrastructure,.
This technology story centres on the United States.
Why it matters
Technology stories like this can affect how people work, communicate and protect their data.
Key details
- Location
- United States · Americas
- Reported by
- The Verge
- First reported
- Key names
- AI
- Section
- Technology
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The VergeSpotted an error? Request a correction · How this summary was produced
Related Stories
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.
Data centers could erase decades of air quality gains
A rush of new data centers could bring air pollution roaring back to levels not seen since the 2000s in Texas, which has become ground zero for the…
Meta says Muse has over 10M users, with shopping a top activity
Meta Muse users are adopting the app for shopping and personal productivity, the company said during Q3 earnings.
PHP: The three letters that shut down sites all over the internet today
Two bugs found with AI are behind major issues today for 4chan, DeviantArt, Wikipedia, and the blog where the bar around the corner posts pictures…
Blackstone’s Jas Khaira says fears over AI-buildout debt are overblown
Blackstone’s AI head on why the PE giant isn't panicked by market jitters.
Canadian publisher cuts ties with best-selling writer Orelien over AI use
Publisher Boreal says investigations confirmed the Haitian-Canadian Thelyson Orelien used AI in his breakthrough novel.
Airbnb limits chores for guests, sparking backlash from hosts
Hosts are threatening to leave the platform after Airbnb says that they can no longer require guests to strip beds or do other time-consuming…
Xbox wants you to pay 24 to 40 cents per hour to stream games you already bought
Today, Microsoft rolled out those a la carte Cloud Playtime purchases to Xbox Insiders, with prices that might be a bit galling for players who have…