TechCrunch
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.
By TechCrunch
Excerpt shared by Lazyfounder
·Excerpt
Meta is making a big push into AI, and it’s creating a new kind of stock that could help pay for it.
On Wednesday, as the company reported its third-quarter earnings, Semafor reported the company might issue non-voting stock, meaning shares that don’t give their owners a vote on company decisions, to help fund its push into artificial intelligence.
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