Meta creates non-voting Class C stock for AI funding and a possible Zuckerberg California Prop 40 tax bill; no cyber threat
Meta said on its Q3 earnings call that its board approved a new class of non-voting Class C common stock, effective in January (techcrunch.com). The plan was first reported by Semafor. CFO Susan Li said the shares are meant for capital raising, employee compensation and acquisitions, including the AI push, while preserving the voting powe…