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Meta Doubles Down on AI Spending, Plans New Class C Shares

This story is from 2026-10-22. It is preserved in the archive; the latest stories are on the live feed.

Bloomberg’s Ed Ludlow breaks down Meta's plans to boost AI spending and release new Class C shares to ensure CEO Mark Zuckerberg stays in California if a wealth tax is passed. Plus, Tesla reported strong profit, but a big cut to its spending plans is raising questions about Elon Musk's AI, robotaxi…

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  1. 2026-10-22 17:36 · Bloomberg AI
    Meta Doubles Down on AI Spending, Plans New Class C Shares

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