Meta plans non-voting Class C shares to raise cash without diluting votes

Meta Platforms plans to issue one non-voting Class C share for every share shareholders already own, creating a stock class it can sell to raise capital without diluting voting control. The move came alongside third-quarter results showing negative free cash flow of $2.12 billion, with capital spending of $34.91 billion outpacing cash from operations. The story concerns Meta's corporate structure and has no direct link to crypto assets, so it is unlikely to move digital-asset prices.