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The Economic Times
The Economic Times
Technology

Explained: Why is Meta creating a new class of non-voting shares amid its AI growth?

Meta Platforms said on Wednesday that it is creating a new class of non-voting shares to fund its AI ambitions, pursue acquisitions and reward employees without weakening CEO Mark Zuckerberg's control.

The move follows a structure used by some other founder-led companies, most notably Google's parent Alphabet.

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