Meta plans to issue a new class of non-voting shares (Class C) starting January 2027, giving each shareholder one new share for each share owned, to fund AI spending, acquisitions and retention of top talent while CEO Mark Zuckerberg keeps control. Revenue in the third quarter reached 64.6 billion USD, above the 63.37 billion USD analysts expected, and the stock rose more than 4% in pre-market trading; however, 2026 capital spending is now expected at 135-145 billion USD, leaving free cash flow negative at 2.12 billion USD in Q3 compared with positive 10.63 billion USD a year earlier. More than 10 million people in the US and Canada set up the Muse AI product in about a month and a half, and CFO Susan Li said AI businesses should add revenue in 2027. On the legal side, a New Mexico judge ordered a 25 billion USD penalty, and EPS was 3.83 USD, or 7.40 USD excluding a 9.89 billion USD settlement charge.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.85 |
| Change that session | -6.98% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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