Meta will create a non-voting Class C stock, distributed as a one-time dividend that works like a stock split, to fund AI spending, acquisitions and employee pay while keeping CEO Mark Zuckerberg's voting control intact. The move comes as third-quarter free cash flow turned to a deficit of $2.12 billion, compared with positive $10.63 billion a year earlier, even though revenue reached $64.60 billion, above the $63.37 billion expected. Meta raised the lower end of its 2026 capital expenditure guidance to $135–145 billion and forecast fourth-quarter revenue of $73–76 billion. The board approved the plan on 19 October, with the share distribution expected to take effect in January 2027. Meta shares closed at $712.65 on 21 October, up 0.41% on the day but still down 1.66% over the previous 20 trading days, as the 10-year Treasury yield rose to 5.15%.
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META
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Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/21/2026 | 697.52 |
| Change that session | +0.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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