Meta Approves a New Stock With No Voting Rights, to Be Issued January 2027

Meta's board has approved a new stock class, Class C, that the public can trade but that carries no voting rights. The company's third-quarter 2026 earnings report, released October 21, disclosed it. The money raised would fund AI spending, possible acquisitions and employee pay. Shares are planned for issue in January 2027, with trading starting during 2027.