$META is creating a new kind of share with no voting rights. Every shareholder will get one for each share they own. It’s a stock dividend but it works like a 2 for 1 stock split. Zuckerberg holds most of the voting power. Since the new shares don’t come with votes Meta can sell them to pay for AI and he keeps control. Zuckerberg will get the new shares as well. He can sell 20% of them without losing voting power. With the other 80% he gives up some voting power for every one he sells. That rule goes away over 8 years if he stays full time on Meta’s executive team or as executive chair.
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