Meta raised capital expenditure expectations and announced plans to establish a new class of non-voting shares as part of the company's increased AI bets. The company said capital expenditure is expected to be between US$135 billion and US$145 billion in 2026, up from the previous low end of the US$130 billion range. Meanwhile, a new class of shares will be distributed to existing investors through stock dividends. Meta said that each shareholder holds an existing share will receive a new share, which is actually equivalent to splitting the stock in two. Meta said the new shares will be used to raise capital, employee compensation and potential acquisitions. Meta shares rose about 3.5% after the market on Wednesday.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.