Meta Found a Way to Raise Money Without Handing Out More Votes
Meta Platforms will give shareholders one non-voting Class C share for every share they own. The new class gives Meta stock it can sell to raise money without diluting voting power. The plan arrived with third-quarter results showing free cash flow of negative $2.12 billion. Capital spending of $34.91 billion outpaced the cash Meta’s operations The post Meta Found a Way to Raise Money Without Handing Out More Votes appeared first on BeInCrypto.
Key Takeaways
- Meta Platforms will give shareholders one non-voting Class C share for every share they own.
- The new class gives Meta stock it can sell to raise money without diluting voting power.
- The plan arrived with third-quarter results showing free cash flow of negative $2.12 billion.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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