07:47:33 EDT Thu 22 Oct 2026
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Meta CDR (CAD Hedged)
Symbol META
Shares Issued 22,450,000
Close 2026-10-21 C$ 36.95
Market Cap C$ 829,527,500
Recent Sedar+ Documents

Globe/wire say Meta to issue non-voting shares

2026-10-22 07:09 ET - In the News

The Globe and Mail reports in its Thursday edition that Meta introduced new non-voting shares on Wednesday in a move that would help fund its costly artificial intelligence expansion, as it reported strong growth of its consumer AI agent app Muse. A Reuters dispatch to The Globe reports that Meta is forecasting fourth quarter revenue above Wall Street estimates. Meta has been pouring money into advanced chips and datacentres to compete more aggressively with OpenAI and Anthropic, eroding its historically strong free cash flow. Meta will issue a new class of non-voting Class C common stock in January, 2027, resulting in a two-for-one split, to fund acquisitions and retain top talent while keeping chief executive officer Mark Zuckerberg's control amid Silicon Valley's intensifying AI race. The CEO said more than 10 million people in the United States and Canada have set up Muse accounts in a month and a half, and growth remained strong. He said he expected Muse would serve "billions of people" who would potentially generate more revenue than the average Meta user. Meta is now expecting capital expenditure to be between $135-billion and $145-billion this year, up from $130-billion to $145-billion expected previously.

© 2026 Canjex Publishing Ltd. All rights reserved.