why is meta stock down today

Meta stock is down today primarily due to investor concerns about increased spending on artificial intelligence (AI) and cautious outlooks for 2025, despite some positive earnings metrics. The company reported Q3 earnings that beat expectations on earnings per share and revenue, but the daily active user count was slightly below analyst projections. Additionally, Meta has signaled plans to raise infrastructure expenses in 2025 due to ongoing AI investments, which has worried investors about capital expenditures rising further. Insider share sales and regulatory scrutiny have also contributed to negative sentiment. Legal victories and some analyst upgrades have helped offset some of the pressure, but overall investor wariness about future growth and spending seems to have driven the stock down almost 5% recently. In summary, Meta's stock drop today is largely tied to concerns over increased AI spending, cautious user growth figures, and a more expensive outlook for next year, despite beating earnings expectations.