Meta beats on revenue and splits its stock with non-voting shares to raise capital

Meta beats on revenue and splits its stock with non-voting shares to raise capital

Meta Platforms Inc. shares rose about 2% in after-hours trading today after the social networking company beat third-quarter revenue expectations and unveiled nonvoting Class C shares that will act as a two-for-one stock split.

For the quarter ended on Sept. 30, Meta reported diluted earnings per share of $3.83, up…