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Meta to issue new class of shares as it tightens AI spending forecast

Oct 21 (Reuters) - Meta raised the lower end of ⁠its annual spending forecast on Wednesday and said it would introduce new non-voting shares, in a move that would help ⁠fund its costly AI expansion.

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Meta公司将发行新一类股票,同时收紧人工智能支出预测

FILE PHOTO: The Meta logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Oct 21 (Reuters) - Meta raised the lower end of ⁠its annual spending forecast on Wednesday and said it would introduce new non-voting shares, in a move that would help ⁠fund its costly AI expansion.

Shares of the company rose more than 4% in extended trading, as it also forecast ‌fourth-quarter revenue above Wall Street estimates.

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