Meta Plans to Split Stock, Create New Class to Fund AI Spending Meta, the parent company of Facebook, Instagram, and WhatsApp, has announced plans to split its stock and create a new class of non-voting shares. The move is aimed at allowing the company to fund its significant investments in artificial intelligence (AI) technology. According to reports, the new class of shares will be called Class C shares and will be non-voting, ensuring that CEO Mark Zuckerberg retains control of the company. The decision to split the stock comes as Meta continues to invest heavily in AI research and development. The company has been at the forefront of AI innovation, with its AI-powered tools and services being used by billions of people worldwide. The new shares will allow Meta to raise capital to fund its AI ambitions, which are expected to drive growth and innovation in the coming years. The stock split will also give existing shareholders a new Class C share for each Class A share they own, effectively doubling the number of shares they hold. This move is seen as a way for Meta to reward its shareholders while also providing a new source of funding for its AI initiatives. Meta's decision to split its stock and create a new class of shares is a significant development in the tech industry, and it is expected to have a major impact on the company's future growth and direction.