Meta 拟设无投票权 C 类股，为 AI 投入融资且不稀释扎克伯格控制权
Semafor: Meta is creating non-voting Class C shares so it can raise AI money without diluting Mark Zuckerberg’s control.
Semafor 报道，Meta 正在设立无投票权的 C 类股，以便在不稀释扎克伯格控制权的情况下为 AI 融资。2027 年 1 月 19 日公司章程变更后，每股 A 类或 B 类股将获得 1 股 C 类股，对 A 类股价的影响类似 2 比 1 拆股，但持有人投票权不变。这些股份也将用于支付员工薪酬，扎克伯格的律师向特别委员会表示投票权股票将把主权金融机构排除在买家之外。Alphabet 的类似结构今年让其售出 850 亿美元股票，为 Meta 提供了为 1350 亿至 1450 亿美元资本开支融资的模板。
推荐理由
AI 评分 63
Meta 借双重股权结构为 AI 资本开支融资，同时保住扎克伯格投票权，可对照 Alphabet 的同类做法理解。
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Semafor: Meta is creating non-voting Class C shares so it can raise AI money without diluting Mark Zuckerberg’s control.
Holders will get 1 Class C share for each Class A or Class B share once the charter changes on January 19, 2027.
That dividend should move Class A’s price as a 2-for-1 split would, yet it leaves every holder’s voting power unchanged. The shares will also pay employees, and Zuckerberg’s lawyers told the special committee that voting stock would exclude sovereign financial institutions as buyers.
Alphabet’s similar structure let it sell $85B of stock this year, giving Meta a template for funding $135B to $145B of capital spending without costing Zuckerberg votes.