META PUTS MUSE AGENT AT HEART OF AI STRATEGY

What happened: Meta introduced non-voting Class C shares to fund its AI expansion and said it will organize its future around its AI agent business, with the Muse agent app at the center. Key numbers: Q3 revenue US$64.60 billion vs US$63.37 billion estimated. Why it matters: Zuckerberg said Muse costs are higher than many past products and monetization will come sooner than the normal playbook, while CFO Susan Li said AI businesses would add revenue in 2027. Analysts cited a shift from punishing Meta for spending to rewarding its product story, though legal and privacy concerns persist. Coverage: 3 outlets in 24h

Meta introduced non-voting Class C shares to fund its AI expansion and said it will organize its future around its AI agent business, with the Muse agent app at the center.

Zuckerberg said Muse costs are higher than many past products and monetization will come sooner than the normal playbook, while CFO Susan Li said AI businesses would add revenue in 2027. Analysts cited a shift from punishing Meta for spending to rewarding its product story, though legal and privacy concerns persist.