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Meta adds Class C shares as the iPhone Duo stumbles at launch

Meta’s new share class separates economic ownership from control, while Apple’s foldable arrives with apps still needing work.

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Meta plans to issue one non-voting Class C share for every existing Class A or B share. The hosts frame it as a two-for-one economic split without diluting ownership, and recall that a similar proposal was withdrawn in 2017 after shareholder opposition. The goal is to give Mark Zuckerberg more flexibility to sell or donate economic value while retaining control.

Two explanations shape the discussion: managing potential California tax exposure and preserving room to fund investment, particularly in AI. The hosts argue that both can be true rather than forcing a single motive.

The iPhone Duo launch raises a separate execution question: several apps and interface elements do not yet appear tailored to the new display. The hosts see the polish as below Apple’s usual standard, but expect software updates and developers to close some gaps quickly.

Meanwhile, Trevor Milton defends his aircraft project online and cites more than 50 orders or letters of intent. The show notes that the aircraft presented at the event was a full-scale mockup. The episode also observes advertising becoming more common across technology podcasts.

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