Meta’s proposed share structure and AI spending concerns amid a technology selloff
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Bloomberg’s October 22, 2026 broadcast reports a technology-led equity selloff as investors move into Treasuries. Discussion centres on Meta’s proposed non-voting Class C shares, intended to support financing flexibility and let Mark Zuckerberg cover a potential California wealth-tax bill while retaining voting control. Speakers also examine Meta’s spending commitments, Tesla’s reduced capital-expenditure plans and Affirm’s exclusive Sam’s Club partnership. Interviewees offer differing perspectives on consumer strength and the readiness of AI agents to access bank accounts. No explicit trading proposal or earlier-trade update is supplied.
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