TECH · BUSINESS
Meta Plans a Stock Class With No Votes
Meta now expects $135 to $145 billion in 2026 spending, and its board approved a non-voting stock class.
Transcript of the video edition
Meta is spending over a hundred billion dollars on A I this year. And it wants a new stock class that carries no votes.
Meta now expects to spend between one hundred thirty-five and one hundred forty-five billion dollars this year, mostly on A I servers and data centers. Meta says the spending is about building the next generation of A I products and the computing power to run them. The company has not announced any sale of the new shares, and any issue would need separate approval.
The board also approved a new class of shares with no votes. Founder Mark Zuckerberg already controls most of the voting power. This would keep it that way.
Nothing is final yet. Investors will vote on the change. Watch the amended rules. That’s the real test.
Sources
- Meta Form 8-K (Q3 2026 earnings release), 2026: capital expenditure guidance
- Meta board action, Oct 21, 2026, as reported by GuruFocus, TokenPost and BigGo
- Proposed Class C effective date is Jan 19, 2027, and depends on an amended certificate.
- Meta does not currently have Class C stock; Alphabet already does.
This video edition was scripted with automated tools from the sources listed, narrated by a synthetic voice and published by Daniel Varrone. Corrections: editor@monochromechronicles.com