AI News/Wire summary
Meta plans non-voting share class to fund AI push and acquisitions
Key points
- Non-voting stock will also fund potential acquisitions and employee compensation, Meta said in its third-quarter earnings report.
- Trading in the new shares is set to begin in 2027.
- Meta now expects capital expenditures of $135 billion to $145 billion this year, raising the low end from $130 billion.
- Its Muse AI agent, launched in September, reportedly reached 10 million US downloads this week.
Why it matters for marketers: Content teams should expect Meta's Muse agent and heavier AI spending to shape where audiences spend time and which ad and creator tools Meta prioritizes.
Summary by the Z Media news desk, from the outlets' reporting. Read the full stories at the source.
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The Verge: Meta to create a new class of shares to fund AI push
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