Meta's shares closed the week of July 27 at 556.71 after a sharp post-earnings decline triggered by higher-than-expected AI infrastructure spending that pressured free cash flow. The stock opened the week near 594, traded in a tight range through Tuesday, then dropped over 8% on Wednesday following the Q2 report and continued sliding on Thursday and Friday amid broader tech rotation and analyst commentary on elevated capex. With the final close locked inside the $550–560 bucket and minimal after-hours movement, trader consensus reached near-certainty. A late regulatory surprise or major macroeconomic shock could theoretically have altered the outcome, yet none materialized before the Friday bell.
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