Meta 計劃推出無投票權股份，考慮增發股份資助 AI 投資
Meta plans nonvoting shares, eyeing more stock sales to fund its AI dreams
Meta 宣佈計劃推出無投票權股份，並可能更多依靠增發股份為 AI 建設融資，同時避免稀釋 Mark Zuckerberg 的控制權。新股可用於收購、吸引頂尖 AI 人才及支付晶片費用；Alphabet 於 2014 年採取類似安排，今年較早時發行的 $85 billion 新股中有一半沒有投票權。大型科技公司因 AI 投資成本上升而暫停股份回購，現轉為股份淨發行方，令內部人士持股面臨稀釋風險。
Meta plans to introduce new non-voting stock, the company announced, which suggests it’s likely to lean heavily on new share sales to fund its AI buildout.
The plan, earlier reported by Semafor, will allow the company to issue new stock — for acquisitions, to lure top AI talent, and to pay for chips — without diluting Mark Zuckerberg’s control.
Alphabet made a similar move in 2014, executing a 2-for-1 stock split that introduced non-voting shares alongside super-voting shares, which allowed the combined control of co-founders Larry Page and Sergey Brin to remain at just over 50%. That made it easier for the company to issue $85 billion of new stock earlier this year to pay for AI investments; half of the new shares carry no voting rights.
A Meta spokesperson declined to comment.
Big tech companies have historically been able to balance out the new stock they issue by buying back shares in the market. But they have paused stock repurchases as the cost of their AI investments mount, and now find themselves as net issuers of shares, which risks diluting insiders’ stakes.
來源：Semafor · semafor.com