**[Meta Plans to Introduce Non-Voting Shares to Fund AI Without Diluting Zuckerberg's Control]** BlockBeats News, October 22: Meta announced plans to introduce new non-voting shares, indicating that the company may heavily rely on new stock issuance to fund its artificial intelligence (AI) initiatives. The plan will allow the company to issue new shares—for acquisitions, attracting top AI talent, and covering chip costs—without diluting Mark Zuckerberg's control. In 2014, Alphabet implemented a similar move by conducting a 2-for-1 stock split, introducing non-voting shares alongside super-voting shares, which kept co-founders Larry Page and Sergey Brin's combined control slightly above 50%. This made it easier for the company to issue $85 billion in new shares earlier this year to fund AI investments, half of which were non-voting shares. The decision was driven by "high capital expenditures from AI research." Financial reports show that Meta's capital expenditure guidance has been raised from a lower limit of $130 billion to $135 billion, with an upper limit of $145 billion. Third-quarter capital expenditures exceeded $40 billion (compared to less than $19 billion in the same period last year), while free cash flow was -$2.12 billion, down from $10.63 billion in the same period last year. [Original Link]