Meghan Bobrowsky / Wall Street Journal:

Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027  —  The company, which reported record revenue of $64.2 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control

Meghan Bobrowsky / Wall Street Journal:

Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027  —  The company, which reported record revenue of $64.2 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control

Source: TechMeme
Source Link: https://www.techmeme.com/261021/p47#a261021p47