{
  "id": 15959166,
  "title": "Meta's Muse AI agent achieves strong growth, company introduces new shares to power investments",
  "url": "https://urgent.news/2026/10/21/metas-muse-ai-agent-achieves-strong-growth-company-introduces-new-15959166",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-21T20:08:02.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/metas-muse-ai-agent-achieves-strong-growth-company-introduces-new-shares-power-investments-6480286"
  },
  "original_language": "en",
  "account": "Meta unveiled new non-voting shares on Wednesday to fuel its costly AI expansion efforts, with executives unveiling plans to restructure the company around its nascent AI agent technology. The company's shares climbed more than 4% in extended trading following the announcement. Meta reported revenue exceeding Wall Street's estimates and highlighted robust growth in its novel consumer AI agent app, Muse. The firm's investment in advanced chips and data centers follows a competitive push in the AI market, led by OpenAI and Anthropic, while simultaneously reducing Meta's historically strong cash flow. The company plans to issue a new class of non-voting Class C common stock in January 2027, essentially completing a two-for-one stock split, to finance acquisitions and retain top talent while preserving CEO Mark Zuckerberg's control over the company.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Meta's Muse AI agent achieves strong growth, company introduces new shares to power investments",
        "url": "https://urgent.news/2026/10/21/metas-muse-ai-agent-achieves-strong-growth-company-introduces-new",
        "published": "2026-10-21T20:08:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}