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Meta declares one-for-one stock dividend of non-voting Class C shares effective Jan. 19, 2027
METAMeta Platforms, Inc.
Meta Platforms approved a recapitalization creating a new class of publicly listed, non-voting Class C common stock and declared a one-time stock dividend of one share of Class C for each outstanding share of Class A and Class B common stock. The amendment to the certificate of incorporation was approved by shareholders via written consent on October 20, 2026, with an effective date of January 19, 2027. Meta also entered into a Founder Alignment Agreement with CEO Mark Zuckerberg that restricts sales of the new Class C shares unless accompanied by a corresponding reduction in his voting power through the sale or conversion of Class A or B shares. The company reported third-quarter revenue of $64.6 billion and net income of $9.86 billion, including a $9.89 billion litigation charge. Meta operates in the technology industry, building social media platforms and artificial intelligence infrastructure.