Meta Shares Slip After Their Best Session in Two Weeks

what happened

Meta Platforms (META) shares fell 0.5% in late Monday overnight trading after rising 3.4% during the regular session, their strongest daily performance in about two weeks. The retreat came as a broader market selloff intensified on renewed concerns about the durability of AI demand, with chip and AI-infrastructure stocks among the hardest hit.

Stocktwits reported that CNBC’s Jim Cramer renewed his positive view of the Facebook and Instagram parent, citing early adoption figures for its Muse AI assistant. Sensor Tower data for September, cited by Menlo Ventures partner Deedy Das, showed Muse retaining 73.3% of new users one day after installation across 81 countries, compared with 41.3% for ChatGPT. Muse’s retention was above 30% on day seven and 22% on day 14, although it had not yet matched WhatsApp, YouTube, Instagram, TikTok or Snapchat on 14-day retention.

Technology analyst Dan Ives described Meta as a core company as AI shifts from models toward agents, pointing to the combination of a frontier model and 3.6 billion daily users. Meta launched Muse on Sept. 8 to handle complex, multistep tasks such as sending emails, booking travel and completing transactions. On Monday, the company introduced the Muse Wonder family of models. CEO Mark Zuckerberg said it was a larger and more advanced successor to Muse Spark. Separately, ARK Invest sold 4,520 Meta shares through the ARK Innovation ETF (ARKK) for approximately $3.36 million, based on a $742.96 closing price. The fund had aggressively increased its Meta position in September. Stocktwits said retail sentiment toward META had weakened over the past seven days and was bearish late Monday; the stock was up 12.8% year to date as of its last close.

why it matters

The report gives investors another gauge of Meta’s consumer-AI progress: Muse’s early retention data supports the company’s AI narrative, while the wider AI-stock selloff and weaker retail sentiment underline continuing market caution.

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