Why Meta’s new nonvoting shares are spooking investors
Meta shares came under pressure after the company announced it will give shareholders a new nonvoting Class C share for every share they own, a structure that helps fund its AI buildout while letting Mark Zuckerberg keep control. RBC Capital Markets equity analyst Brad Erickson explains why some of the dilution language in the filing spooked investors, why Google used a similar structure years ago, and how AI is driving more engagement and better ad targeting across Meta's apps. He also breaks down where Meta's Muse assistant could make money, why he's more cautious on the consumer side, what…