Meta introduces new nonvoting stock class to fund AI spending

🗞️ Story file #714

Meta introduces new nonvoting stock class to fund AI spending

Oct 20, 5 PM ET to Oct 23, 5 AM ET

18outlets carried it
🫏8 · 6 · 4🐘left · center · right
2.5 dayson the front pages
15front pages at once, at its peak
23 minof TV captions
7radio newscasts
2 of 2parts of a saga

👣 How this story traveled: from the front pages that broke it, out through TV, radio and the shows, into what people retold and what fact-checkers examined, and on into the saga it is part of. Everything here is matched to the story by our tools, so a link can be wrong; the trackers' pages say how each is made.

Oct 20, 5 PM ETfirst on a front page: The Guardian
Oct 20, 8 PM ETfirst on the radio: NPR News Now
Oct 20, 9 PM ETfirst on TV: BBC News
Oct 21, 8 AM ETpeak: on 15 front pages

the front pages that ran it, hour by hour

Front pages carrying it at each hourly run, Oct 20, 5 PM to Oct 23, 5 AM ET (peak 15), by the outlets' lean: left · center · right

Who carried it and when: each outlet in the order it picked the story up, a bar for each headline from when we first saw it on the front page to when we last did, in the outlet's lean color (dashed: not rated); a dot marks a new headline. Beneath, its captions on TV, the radio newscasts that carried it (bigger: the lead) and when people were found retelling it. Hover for details.

📌 linked by aggregators: Google News

💬 quoted: “buy”

🗣️ only one side says: 🐘 ai spending

✏️ 12 outlets ran more than one headline on it (reworded, or a follow-up)

AP (3 wordings): “US futures mostly higher as Wall Street digests earnings from SpaceX, Netflix” → “Wall Street gains ground after SpaceX helps lift AI stocks”
Bloomberg (6 wordings): “Stocks Climb as SpaceX Results Reignite AI Trade: Markets Wrap” → “Stocks Climb in Late Hours on Meta’s Big AI Wagers: Markets Wrap”
Business Insider (2 wordings): “SpaceX says its capex could double this quarter as AI spending grows” → “Meta creates a new stock class to keep Zuckerberg in control”
CNBC (11 wordings): “SpaceX revenue jumps 161% driven by Starlink and AI: Live updates” → “Stocks making the biggest moves midday: P&G, Southwest, TTM Technologies & more”
Financial Times (2 wordings): “SpaceX’s data centre deals boost revenue by 161%” → “Meta to create new non-voting share class to enable AI fundraising”
Fortune (2 wordings): “SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion—cruising past Starlink” → “Tech futures rise in premarket trading as SpaceX stock rockets overnight—and Wells Fargo’s ‘buy’ signal is triggered”
Independent Journal Review (2 wordings): “Meta Weighs Nonvoting Shares for AI Funding” → “Meta Raises AI Spending, Plans Nonvoting Shares”
MarketWatch (2 wordings): “SpaceX earnings will be all about AI — for better or for worse” → “Meta’s AI spending spree has investors taking a page from the financial-crisis playbook”
New York Post (2 wordings): “SpaceX stock soars on blowout earnings that see revenue surge 161% — as Musk talks Tesla merger” → “Meta stock surges on strong earnings report; tech giant unveils new shares to bankroll AI spending”
Newsmax (3 wordings): “SpaceX Revenue Soars 161%, Driven by AI & Starlink” → “Meta Beats, Announces New Share Class to Fund AI”
Reuters (10 wordings): “SpaceX quarterly revenue jumps, beats estimates as AI business surges” → “Meta to issue new class of shares as it tightens AI spending forecast”
Semafor (2 wordings): “AI stocks rally ahead of Meta earnings” → “Meta's new class of nonvoting stock lets Zuckerberg fund AI without losing control”

Every outlet's first headline (18), left to right by AllSides rating

The Guardian SpaceX’s revenue jumps in second-ever earnings report amid Starlink turmoil Oct 20, 5 PM ET
ABC News SpaceX revenue soars 161% as AI business grows Oct 20, 6 PM ET
AP US futures mostly higher as Wall Street digests earnings from SpaceX, Netflix Oct 21, 9 AM ET
Axios SpaceX earnings soar past expectations as AI business surges Oct 20, 5 PM ET
Business Insider SpaceX says its capex could double this quarter as AI spending grows Oct 20, 7 PM ET
CNBC SpaceX revenue jumps 161% driven by Starlink and AI: Live updates Oct 20, 5 PM ET
NBC News SpaceX quarterly revenue jumps, mostly from renting out data center capacity Oct 20, 6 PM ET
Semafor AI stocks rally ahead of Meta earnings Oct 19, 7 PM ET
Bloomberg Stocks Climb as SpaceX Results Reignite AI Trade: Markets Wrap Oct 21, 4 AM ET
Financial Times SpaceX’s data centre deals boost revenue by 161% Oct 20, 5 PM ET
Forbes Meta Creates New Class C Stock To Fund AI Ambitions And Keep Zuckerberg In Charge Oct 22, 2 PM ET
Fortune SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion—cruising past Starlink Oct 21, 12 AM ET
MarketWatch SpaceX earnings will be all about AI — for better or for worse Oct 19, 4 PM ET
Reuters SpaceX quarterly revenue jumps, beats estimates as AI business surges Oct 20, 5 PM ET
The Epoch Times SpaceX’s 3rd-Quarter Revenue Jumps 161 Percent Oct 20, 7 PM ET
IJR Meta Weighs Nonvoting Shares for AI Funding Oct 21, 6 PM ET
New York Post SpaceX stock soars on blowout earnings that see revenue surge 161% — as Musk talks Tesla merger Oct 20, 7 PM ET
Newsmax SpaceX Revenue Soars 161%, Driven by AI & Starlink Oct 20, 5 PM ET

TV, radio, and the shows that talked about it

📺 On TV

BBC News23 min

MSNOW21 s

Fox News7 s

SpaceX revenue jumps 161% as AI business grows BBC News, 8 min
Tesla profit drops as AI spending ramps up BBC News, 8 min
SpaceX revenue jumps 161% as AI BUSINESS grows BBC News, 3 min
Tech shares sink despite strong Meta results BBC News, 2 min
Investor nerves over 'AI trade' resurface BBC News, 41 s
SpaceX COMMITS BILLIONS TO expanding its AI business BBC News, 23 s
FUTURES FALL AS INVESTORS LOOK AT META, TESLA MSNOW, 21 s
Tesla earnings BBC News, 19 s

📻 On the radio

NPR News Now, Oct 21, 5:09 PM ET: story 5 of 8
NPR News Now, Oct 21, 6:10 AM ET: story 5 of 9
NPR News Now, Oct 21, 5:09 AM ET: story 6 of 6
ABC News Update, Oct 21, 1:32 AM ET: story 4 of 4
NPR News Now, Oct 20, 11:10 PM ET: story 4 of 8
ABC News Update, Oct 20, 8:32 PM ET: story 4 of 4
NPR News Now, Oct 20, 8:09 PM ET: the lead

🎙️ Shows, investigators, satire

🎙️ 🎙️ Bloomberg News Now

what people online made of it

🦗 Nobody's retelling it online yet, as far as the daily reports of the last week can tell.

🗣️ names in it: SpaceX Starlink Live updates Data centre

what the fact-checkers looked into

🧐 No fact-checker has taken it on yet.

the running story it belongs to

🧵 AI stock market developments

Nasdaq rises as AI-linked stocks recover
Oct 19, 11 AM ET
Meta introduces new nonvoting stock class to fund AI spending (this story)
Oct 20, 5 PM ET