Meta Platforms (META) said it will carry out a 2-for-1 stock split on January 19, 2027 and create a non-voting Class C common stock, which would help co-founder and CEO Mark Zuckerberg keep his voting control, currently more than 60%. The securities filing says that if he sold some Class B shares to cover a possible tax under California's Proposition 40, a one-time 5% wealth tax on residents with a net worth above $1 billion, his voting control could fall to roughly 53%. Meta also said the Class C shares could help fund its growth without diluting Zuckerberg's voting power, as it plans $135 billion to $145 billion of AI capex this year and reported negative free cash flow in the third quarter. A JPMorgan analyst wrote that Meta should raise capital sooner rather than later to remove an overhang on the stock.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/26/2026 | 215.98 |
| Change that session | +2.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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