Meta Platforms Announces Creation of New Non-Voting Common Stock
META Meta Platforms Inc
$641.66 +0.05%
View chart & analysis → - 1Meta Platforms announced the creation of new non-voting common stock (Class C) effective January 19, 2027, during its third-quarter earnings release.
- 2As Meta shares have rallied 1,600% since their May 2012 listing, this decision serves as an atypical 2-for-1 stock split.
- 3Revenue increased 26% year-over-year to $64.6 billion, including a 14% rise in Meta Platforms' average price per ad for the quarter ended September.
So what's the key point?
Meta Platforms has decided to create new shares that do not have voting rights starting in 2027. This decision will have the effect of splitting the stock while revenue has grown by 26%.
Source The Motley Fool +1 · View original ↗
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