Meta to create new Class C shares to help fund AI spending

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Meta’s new shares will be non-voting shares.

Donovan Erskine October 21, 2026 3:18 PM 1

As Meta continues to pursue AI, it’s calling on the public for help. The company has announced the creation of Class C shares so that it can bring in more cash, but there’s an asterisk: these will be non-voting shares.

Meta shared the announcement in its Q3 2026 earnings report. The company explains that the move was approved by the board as it’ll help Meta further pursue the development of AI technology.

While shareholders of a company would typically be granted some level of voting power when it comes to major decisions, those who buy Meta’s Class C common stock will not receive that privilege. These shares do not come with voting power, meaning CEO Mark Zuckerberg will retain his portion of influence.

The report goes on to chronicle Meta’s quarterly financial performance, which you can read alongside other financial news right here on Shacknews. 

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Donovan Erskine News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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