Meta Platforms, Inc. declined over 3% in regular trading, pulling back to around $750.83 per share, after closing at $777.59 the prior session when shares hit their highest level since September of the previous year.
The retreat comes amid growing concerns over service reliability for Meta's AI agent Muse. Reports indicate that despite rapid user growth — daily active users surging roughly 10-fold to 700,000 over 11 days — Muse is experiencing service degradation and Agent task failures. In one stress test, only 33 out of 120 sub-Agent creation attempts succeeded, highlighting a computing bottleneck that has surfaced well before the platform reaches one million daily active users.
Additionally, a Form 144 filing revealed that Chairman and CEO Mark Zuckerberg plans to sell 27,474 Class A shares worth approximately $21.36 million under a Rule 10b5-1 trading plan. The pullback also follows a strong run-up of over 20% in recent weeks driven by Muse's launch and the Meta Connect conference, suggesting profit-taking pressure after multiple Wall Street upgrades, including JPMorgan raising its target to $920.
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