Meta Upgrades Capital Expenditure Expectations and Plans to Issue New Shares
2026-10-22 07:03:27
According to CoinMeta, as reported by Cailian News on October 22, Meta Platforms Inc raised its capital expenditure expectations and announced plans to launch a new class of non-voting shares to further increase its substantial investment in artificial intelligence. In its quarterly financial report released on Wednesday, the company stated that its capital expenditure for 2026 is expected to be between $135 billion and $145 billion, raising the lower end of that range from $130 billion. At the same time, the new class of shares will be distributed to existing investors in the form of stock dividends, with each share held resulting in one new share, which is essentially equivalent to a "2-for-1" stock split. Meta The new shares are expected to begin trading in January, with the aim of driving further company expansion, raising capital, covering employee salaries, and potential acquisitions. CEO Mark Zuckerberg stated that the company's investments are paying off, the core business is performing strongly, and AI technology has made progress in recent months.
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Source:CLS‌
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