Meta gives Zuckerberg non-voting shares to fund AI race, keep control

Meta has discovered a way for Mark Zuckerberg to sell a portion of his ownership while maintaining significant control over the firm. The creation of a new class of share with no voting rights may also support the company’s increasing AI initiatives. According to reports from Reuters on October 22, the deal comes in the wake of Zuckerberg’s concerns regarding a forthcoming tax on wealthy residents of California. As for investors, it brings to the surface the age-old dilemma of how much authority founders must keep hold of as their companies expand. Non-voting shares, same votes According to Meta’s SEC filing , shareholders will receive one non-voting Class C share for every Class A or Class B share they own.

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