Meta will distribute one non-voting Class C share for every outstanding Class A and Class B share in a recapitalization taking effect Jan. 19, 2027. The structure is designed to let Meta raise capital, compensate employees and fund acquisitions without diluting Mark Zuckerberg’s voting control. Entities tied to Zuckerberg and Priscilla Chan, which the new filing says hold 56.1% of Meta’s voting power, approved the change without a broader shareholder vote. An earlier account put their voting control at about 60.6%, creating a discrepancy in reported figures. The arrangement follows negotiations over founder-control safeguards, Zuckerberg’s potential liability under California’s proposed Proposition 40 wealth tax and his commitment to remain in California or wherever Meta is headquartered for eight years. Meta can sell Class C shares from time to time, while Zuckerberg can immediately sell 20% of his new Class C shares without surrendering votes; the remaining 80% are stapled to corresponding voting shares. The company is expanding its financing options as it funds a major artificial-intelligence buildout. Analysts described the plan as a potential source of capital for AI, acquisitions and engineering compensation, with 2026 capital-expenditure guidance reported at either $135 billion to $140 billion or, in the newer account, $135 billion to $145 billion. Meta reported third-quarter revenue of $64.6 billion, adjusted earnings of $7.40 per share and negative free cash flow of $2.1 billion. Revenue exceeded the $63.37 billion analyst estimate, while Meta forecast fourth-quarter revenue of $73 billion to $76 billion, compared with an estimate of $73.74 billion. Shares closed at $697.52, up 0.47%, and rose 2.17% to $712.65 in extended trading after the results announcement.