Meta announces issuance of a new class of shares to finance AI plans
Meta announced on October 22, 2026, the issuance of a new class of shares to finance its AI plans. At the earnings call the same day, it was disclosed that within six weeks of launch, more than 10 million people in the United States and Canada had set up the AI product Muse, with about 25% of users using it daily; shopping is the most common use case, with an average order value exceeding $200; the company plans to bring Muse to Meta Glasses in November 2026 and to launch the hardware device Muse Charm. Chief Financial Officer Susan Li said that, apart from subscriptions, Muse has not yet been monetized. There are currently no subsequent developments.
Matched fieldsTitle
View story:Meta announces issuance of a new class of shares to finance AI plans