Meta Creates New Share Class to Fund AI Investments, With Trading Set for 2027

Meta announced in October 2026 that it is creating a new class of non-voting shares to fund its artificial intelligence initiatives, potential acquisitions, and employee compensation. The company disclosed the move as part of its third-quarter earnings report, with trading in the new shares expected to begin in 2027.

Meta chief financial officer Susan Li said during an earnings call that the new share class will “expand our funding tools and give us flexibility to invest behind the unprecedented momentum we’re seeing across every part of our business driven by AI.” The company stated in a press release that “the scale of investment required to compete, sustain growth, expand infrastructure, and pursue new strategic initiatives amidst the AI transformation taking place in the industry is significant.”

Meta has been spending heavily on AI infrastructure, building large-scale data centers and recruiting talent from competitors including OpenAI. The company now expects capital expenditures of between $135 billion and $145 billion for the year, revised upward from a prior estimate of $130 billion to $145 billion.

The earnings report comes during an active stretch for Meta. The company launched its AI agent, Muse, in September 2026. The app reached the top of app store charts shortly after launch and hit 10 million downloads in the US. Meta also released its Muse Wonder model in October 2026.

Muse’s rollout has faced some issues. A tech YouTuber reported that the agent shared his address with a stranger on Facebook Marketplace, raising privacy concerns. Meta also paused Muse’s conversation-sharing feature after researchers found that user chats were publicly accessible on the web.

The new share structure may give Meta additional financial flexibility as it continues to scale its AI operations, though the full implications will depend on how the shares are ultimately deployed.