Meta Will Split Stock, Create New Class to Fund AI Spending

Meta Platforms announced a 2-for-1 stock split and the creation of a new class of nonvoting stock to raise capital for its substantial AI investments. This move follows record third-quarter revenue of $64.6 billion and is structured to maintain CEO Mark Zuckerberg's voting control. The new shares will be issued as a dividend to existing shareholders on January 19, 2027.