Meta Platforms Eyes Non-Voting Shares to Fund AI, Earnings Due Today

Investing.com -- Meta Platforms is considering issuing nonvoting shares to help finance its artificial intelligence ambitions without diluting CEO Mark Zuckerberg’s voting control, Semafor reported Wednesday, citing people familiar with the matter.

The company could announce the plan as soon as Wednesday, when it is scheduled to report third-quarter earnings after the market close, according to the report.

The potential move would give Meta another way to raise capital as it pours billions of

Didn’t get enough Big Tech earnings—or Elon Musk, for that matter—yesterday? You’re in luck.

Today brings more of both. Two Magnificent Seven companies, Meta Platforms (META) and Musk-run Tesla (TSLA), are due to report their latest quarterly results after the closing bell. (We’ll follow the numbers live right here.) Those results will follow yesterday’s numbers from companies including SpaceX (SPCX), which has some investors thinking about the likelihood of a tie-up between the two Musk-run bu

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A big rally in SpaceX after earnings is giving hope to Meta and Tesla bulls ahead of their reports due Wednesday afternoon.

Options trading in both stocks leaned bullish after the open Wednesday, with Meta options looking particularly one-sided as traders bought more calls than puts and more put trades likely initiated by sellers than buyers. More than 30,000 calls traded at or above the ask, suggesting they were bought, versus under 17,000 puts, Cboe LiveVol data shows.

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