Meta plans non-voting shares to fund AI capital demands
Meta Platforms reported third-quarter revenue of $64.6 billion, exceeding expectations with a 26 percent year-over-year jump driven by strong advertising sales across Facebook, Instagram, and WhatsApp, according to financial results.
Capital Raising Plans for Artificial Intelligence
To keep pace with surging capital demands in artificial intelligence, Meta plans to issue non-voting shares to existing shareholders by late January 2027. Securities and Exchange Commission filings cited by the source.
The independent board committee negotiating the share plan pointed to intense market competition for capital. Major industry peer funding rounds by Alphabet, SpaceX, Anthropic, and OpenAI have squeezed available liquidity. The board deemed it prudent to secure financing before competing entities absorb remaining capital reserves. Meta projects full-year capital expenditures between 135 and 145G$US, pushing its available cash flow into negative territory.
Introducing Muse Wonder, our new family of frontier models with state of the art performance for personal and professional agentic work. pic.twitter.com/NKHrybrGKQ
Muse Agent Lineup Attracts Millions of Users
Market reassurance largely stemmed from artificial intelligence developments. Following an internal restructuring that included the formation of Meta Superintelligence Labs and the layoff of 600 foundational research employees, the company launched its Muse agent lineup. More than 10 million users in the United States and Canada activated Muse following its September 8, 2026 launch, as reported by the source.
By October 12, 2026, Meta introduced frontier models Muse Wonder and Muse Wonder Full. Internal testing indicates Muse Wonder Full trails Anthropic’s Claude Opus 5.5 on the Artificial Analysis Intelligence Index while outperforming Claude Fable 5.1 and certain aspects of OpenAI’s GPT-6 Astra. However, operating costs for the Muse models exceed competing offerings, presenting a monetization hurdle that CFO Susan Li intends to address through subscriptions.
Looking to the final quarter of 2026, Meta projects revenue between 73 and 76G$US. The company last attempted to issue non-voting shares in 2016, a plan abandoned the following year following shareholder litigation.