Meta Platforms Inc. stock closed at $618.94 on November 6, 2025, down 2.67%, and is trading at $616.33 (-0.42%) pre-market on November 7, 2025. The decline continues a sharp pullback that began after Meta's third-quarter earnings report, where the company raised its 2025 capex estimate to $70–$72 billion, primarily for AI infrastructure, and warned of faster expense growth next year[1][2]. Investors are concerned about the impact of aggressive spending on profitability, despite ongoing strength in Meta's advertising business and AI-driven engagement[1][2]. No new company-specific news has emerged on November 7, 2025, but the stock's movement reflects ongoing investor reaction to recent guidance and broader market uncertainty.