Meta’s board approved a new non-voting Class C share on October 19, and holders of Class A and Class B shares will receive one Class C share for each share held starting January 19, 2027. The transaction functions as a two-for-one stock split without changing shareholders’ existing voting power. Mark Zuckerberg held about 60.6% of the voting power for a 13.4% economic interest; according to a filing with the SEC, Meta could raise roughly $700 billion in equity before that control fell below 50%. Management nevertheless described this figure as a theoretical maximum and said no equity financing has been announced, while the board has not disclosed the size or timing of any future issuance.
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