Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027 (Meghan Bobrowsky/Wall Street Journal)

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<a href="https://www.wsj.com/articles/metaplatforms-meta-3q-earnings-report-2026-stock-f28d64c2?st=Uj26V6&amp;reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/261021/i47.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/261021/p47#a261021p47" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Meghan Bobrowsky / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/articles/metaplatforms-meta-3q-earnings-report-2026-stock-f28d64c2?st=Uj26V6&amp;reflink=desktopwebshare_permalink">Meta says it will create a new class of nonvoting stock to raise the capital it needs for developing AI models, with an effective date in January 2027</a></b></span>&nbsp; &mdash;&nbsp; The company, which reported record revenue of $64.2 billion for the third quarter, said the new stock won't affect Mark Zuckerberg's voting control</p>

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