BondsMediumUpdated•Originally published 22 October 2026•Updated 22 October 2026•
1 min read
Meta Plans New Non-Voting Share Class to Fund AI Expansion
Key Facts
1Meta Platforms Inc. credit default swaps rose as much as 8.9 basis points to around 119.3 basis points.
2The credit risk gauge reached its highest intraday level since active trading began about a year ago.
Meta Platforms Inc. plans to issue new non-voting shares to facilitate major financing deals for its artificial intelligence expansion. The move is designed to fund massive infrastructure investments while preserving Mark Zuckerberg's voting control over the company.
The decision follows a surge in the company's credit default swaps, which rose 8.9 basis points to a record 119.3 points according to Bloomberg. META closed at $697.52 on October 21, 2026, while peer stocks MSFT and GOOGL closed at $532.95 and $334.76, respectively, on the same date.