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Meta creates a new stock class to keep Zuckerberg in control

21 October 2026 at 22:58
Mark Zuckerberg smiles while holding a smartphone on a blue-lit presentation stage.
Meta wants to continue its "founder-led model" — so it's creating a new stock class.

Bloomberg/Getty Images

  • Meta established a new class of stock to ensure Mark Zuckerberg stayed as CEO.
  • The stock class will "continue the founder-led model that has driven the company," Meta said in its third-quarter earnings.
  • Zuckerberg has taken a leading position in Meta's AI era.

Meta's board wants Mark Zuckerberg to stick around.

The company announced a new category of non-voting Class C stock in its third-quarter earnings report. It listed several reasons for creating the new class — one of which is to keep the CEO in control.

A Special Committee established by Meta's board determined that Zuckerberg was the best fit to lead the company into its future, and highlighted the CEO's creative vision and management abilities.

"The creation of the Class C common stock will continue the founder-led model that has driven the company's success since its inception," Meta said.

The stock class will also provide Meta the ability to finance its growth, the earnings report said. Meta is spending big on AI and the data centers needed to power it. The company reported $34.91 billion in third-quarter capital expenditures.

Meta's press release said the distribution would effectively amount to a two-for-one stock split for existing shareholders. Susan Li, Meta's chief financial officer, said that the stock will be distributed to existing shareholders.

Other tech companies have issued stock to access new capital without diluting their CEO's voting power. Google performed a stock split in 2012 for a similar reason. Semafor was first to report the new stock class.

Zuckerberg has long been the face of Meta. He's strengthened his leadership through the AI boom, going "startup mode" and getting hands-on with the tech. The company's AI team set up their desks around where Zuckerberg sits.

The success of Muse, Meta's AI agent, has raised the profile of another Meta executive: Alexandr Wang. The chief AI officer has joined Zuckerberg for podcasts and spoken onstage at keynotes.

A Financial Times profile last week touted Wang as a "potential successor to Zuckerberg." It's clear the board wants Zuckerberg there for the long haul.

Read the original article on Business Insider

Minneapolis Mayor Jacob Frey Praises Somali Migrants as 'CEOs of the Future'

21 October 2026 at 18:57

Minneapolis Mayor Jacob Frey (D) praised Somali migrants as the "CEOs of the future" and claimed that Somalis were being criticized because people see "the kind of economy and entrepreneurship" they are trying to build.

The post Minneapolis Mayor Jacob Frey Praises Somali Migrants as ‘CEOs of the Future’ appeared first on Breitbart.

Nuclear Power Now Has Bipartisan Support

21 October 2026 at 18:35
Cooling towers from a nuclear power plant, with a blue and red bisected background | Davidmartyn/Dreamstime/Mariam Zakaidze

Nuclear power has historically been a divisive issue: During the Cold War, an entire generation feared annihilation at the hands of the same basic technology that some want to use to power their homes.

That's unfortunate, because nuclear energy has considerable benefits—a reliable source of power with very few greenhouse gas emissions—with increasingly lower risks.

Thankfully, it seems that message is catching on with people from both major political parties.

"About six-in-ten U.S. adults now say they favor more nuclear power plants to generate electricity," Pew Research reported in October 2025. "That's up from 43% in 2020, driven by increasing support among both Republicans and Democrats." The authors noted that "Republicans are more likely than Democrats" to favor the policy, with "roughly seven-in-ten Republicans and Republican-leaning independents" expressing support, but it still included 52 percent of Democrats and independents who lean in that direction.

Gallup found similar results earlier this year. The pollster "asked whether the U.S. should put more emphasis, less emphasis or about the same emphasis as it does now on producing domestic energy from each of six sources," wrote Megan Brenan. The six sources were solar, wind, nuclear, natural gas, oil, and coal.

"Nuclear energy is the only one of the six sources to see support grow since 2021, rising seven points to 46%," Brenan added. "This shift is notable given that preferences for nuclear energy had historically been more evenly divided among responses of more, less and the same." Instead, those favoring more emphasis on nuclear power outranked both those who want less and those who wish for it to stay the same, by about 20 points each.

It seems the consensus has been building: In 2024, a poll of first-time voters in The Wall Street Journal found overwhelming support for nuclear energy as a means of fighting climate change.

The trend is welcome, and it marks a major reversal of anti-nuclear sentiment that goes back decades.

The China Syndrome, a film about a possible meltdown at a fictional California nuclear plant, premiered in the U.S. in March 1979. One character in the film warns that a meltdown could "render an area the size of Pennsylvania permanently uninhabitable, not to mention the cancer that would show up later."

Less than two weeks later, in a disastrous bit of timing, a malfunction caused a partial meltdown at the Three Mile Island nuclear power plant near Harrisburg, Pennsylvania.

Thankfully, Three Mile Island was not a disaster. "Some radioactive gas was released a couple of days after the accident, but not enough to cause any dose above background levels to local residents," according to the World Nuclear Association. "There were no injuries or adverse health effects."

But those details were lost on the public. Several recording artists formed Musicians United for Safe Energy (MUSE), an activist group that opposed nuclear power. Just six months after Three Mile Island, MUSE held a series of "No Nukes" concerts at Madison Square Garden, plus a rally in Central Park that drew nearly 200,000 attendees.

That populist support spilled over into politics, particularly among Democrats. Running for president in 1980, Sen. Ted Kennedy (D–Mass.) called for a two-year moratorium on new nuclear plants. In its national platform, the Democratic Party pledged to "retire nuclear power plants in an orderly manner."

After the Three Mile Island incident, 39 planned nuclear plants were canceled.

That's a shame, for many reasons. As Reason's Ronald Bailey wrote in 2018, in a theoretical world where the development of U.S. nuclear power continued at its previous pace, "by 2015 it would have replaced all coal-burning and three-quarters of gas-fired electric power generation….Cumulative global carbon dioxide emissions would be about 18 percent lower, and annual global carbon dioxide emissions would be one-third less."

Yet even decades later, plenty of people—again, particularly Democrats—still opposed nuclear energy.

"Of all the Democratic divides on climate," Politico wrote in 2019, "the role of nuclear power may be the biggest. Progressives and some environmental groups have long lumped it into a category with fossil fuels, and some have spent decades opposing it."

At the time, a number of people were running to be the Democratic Party's presidential candidate, and many of them had strong opinions on nuclear energy. Sen. Elizabeth Warren (D–Mass.) said that she would not license any new nuclear reactors; Sen. Bernie Sanders (I–Vt.) pledged to go one step further and not renew the licenses of any existing reactors.

But things have changed in just a few short years, and nuclear energy is now an issue with potential bipartisan support. When did this pivot take place, and why?

"It was really around 2021, 2022, I would say that things really began to shift," James Walker, CEO of Nano Nuclear Energy, tells Reason. "A lot of the popular support looks like it's coming from younger people….It is a zero-carbon-emission power, and they have been raised to [be] more climate goal-focused" than older generations.

It's not just Gen Z either: Lawmakers are more keen on nuclear power now too. Earlier this month, the MORE American Fuel Act, sponsored by Sens. Cynthia Lummis (R–Wyo.) and Mark Kelly (D–Ariz.), passed the Senate unanimously. The bill "modernizes outdated Nuclear Regulatory Commission (NRC) licensing requirements for uranium enrichment facilities and aligns them with the process already used for other nuclear facilities and reactors," according to a press release from Lummis. It also "lets enrichment companies begin construction at their own risk instead of waiting years for a construction license before breaking ground, while preserving public participation and the NRC's rigorous safety standards."

"What we've seen up in Washington is that there is a nervousness around keeping pace with AI development," Walker adds. "There is a concern that rivals that are also investing very heavily into AI, such as China, are building nuclear reactors like crazy, and one of the reasons they're doing that is just so they have baseload power that allows them to scale up their systems. They are building two gigawatt-scale nuclear power plants every year at the moment, and a lot of it is to try and catch up with the U.S. tech industry."

The post Nuclear Power Now Has Bipartisan Support appeared first on Reason Magazine.

X Bans Former Libertarian Party Affiliate—After the State Requests It

21 October 2026 at 17:09
New Hampshire Governor Kelly Ayotte | Scott P. Yates/ZUMAPRESS/Newscom

The Libertarian Party of New Hampshire's (LPNH) X account—which has become infamous for its bigoted and controversy-ridden posts—is finally gone. But the state's spurious role in its banning raises free speech concerns.

Last week, New Hampshire Republican Gov. Kelly Ayotte sent a letter to X's safety team, asking the company to suspend the account. Ayotte's letter made mention of several clear violations of X's content policies: "This account has openly called for the assassination of elected officials from the New Hampshire Democratic Party, has said it condones murdering elected officials for their policy positions, and most recently threatened a member of House leadership.…I'm calling on X to remove [the posts] and suspend the account immediately." 

The letter referenced one particularly bold post from September (which the account later deleted). The post read: "We openly support the assassination of basically every elected democrat in New Hampshire. But if you don't have the balls to do it, then you should probably vote GOP." 

X suspended the account the day after Ayotte sent the letter.

The removal of the LPNH account has likely elicited a sigh of relief from the Libertarian Party's (L.P.) leadership, which has repeatedly tussled with LPNH over its extreme rhetoric, undermining of L.P. candidates, and constant creation of P.R. crises for the party. In 2024, the LPNH endorsed Donald Trump for president instead of Libertarian candidate Chase Oliver, pushing the Libertarian National Committee to disaffiliate LPNH from the L.P.'s structure this past May. The Granite State Libertarian Party was designated the state's new L.P. affiliate in September.

Even though the LPNH has clearly violated X's terms and does not adhere to the most basic requirements for L.P. membership (such as pledging to uphold the nonaggression principle), the government should not tell private firms when to enforce their own policies. This sentiment was shared by Granite State L.P., which recently said in a social media post, "While a private company has a right to remove someone screaming about setting people on fire…the government should play zero part in that decision."

Jeremy Kauffman, the chair of the LPNH, is outraged but unsurprised, posting on Sunday that he and the LPNH are "exploring a lawsuit against the New Hampshire government." He tells Reason, "Ayotte's letter was a classic example of jawboning. When a governor sends a demanding letter like this to a private company, there is a clear implicit threat attached."

Speaking to Reason, Trace Mitchell, a technology and free speech expert at the Foundation for Individual Rights and Expression, defines jawboning as, "when the government, through veiled threats or direct coercion, pressures a private entity to take an action that the government could not lawfully take or mandate itself." 

In Bantam Books v. Sullivan (1963), the Supreme Court ruled that the government cannot make recommendations to private companies if those recommendations come with legal repercussions—even implied or veiled repercussions. Doing so would qualify as jawboning, which violates the First Amendment. Though Ayotte's letter could be construed as extralegal pressure, it does not imply a punishment for noncompliance and likely falls short of legally recognized jawboning.

Addressing Kauffman's proposed lawsuit, Mitchell says, "In this case he would likely have to show there is something beyond this letter…[like] outside communications, emails or text with X." 

Safety officers at X provided no comment to Reason to justify the suspension. It is not clear whether there was any external communication involved beyond the letter. Without a more definite connection between Ayotte's request and X's decision, Kauffman may struggle to win in court. Still, that doesn't make the governor's request any less concerning. 

While Ayotte's letter was a surprise, it was not unprecedented. As social media has become the public forum, all levels of government have tried to regulate what is said there. During the COVID-19 pandemic, federal officials under the Biden administration were revealed to be in near-constant communication with major social media firms, encouraging and recommending that misinformation be removed from the platforms. Many of these recommendations were paired with implied threats to review the firms' legal immunity for content posted on their platforms, which spawned a lawsuit that reached the Supreme Court in 2024. 

Although the Court dismissed the case for lack of standing, some lawmakers have taken action to address concerns over jawboning, with Sen. Ted Cruz (R–Texas) introducing the JAWBONE Act in June. The bill would make it easier for members of the public to sue government officials who pressure media networks, as well as require increased transparency for all federal communications to media networks.

Even if Kauffman cannot find legal remit, Ayotte's letter was a troubling move for the future of internet speech. Many of the offending posts referenced were months old or had been deleted before the letter was sent. The LPNH has likely been violating X's content policy for years, but X only took action after the government instructed it to.

You don't need a judge to see how that might be concerning. 

The post X Bans Former Libertarian Party Affiliate—After the State Requests It appeared first on Reason Magazine.

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