Meta stock hits longest daily losing streak in history, shedding $223 billion in market cap

Meta Platforms has now strung together nine consecutive trading sessions of losses, the longest daily losing streak in the company’s history as a public company. That is not the kind of record Mark Zuckerberg typically likes to break. The slide has erased approximately $223 billion in market capitalization, dragging the stock from a July intraday high of $681.90 down to around $593.41. In percentage terms, that’s a cumulative decline of roughly 12.9%, enough to push Meta’s market cap to approximately $1.5 trillion and its year-to-date performance to around -10%. What’s driving the sell-off The culprit, as it so often is these days, is artificial intelligence. Specifically, the staggering amount of money Meta is pouring into it. Meta’s planned capital expenditures for 2026 are projected to reach $135 billion across the year. The S&P 500 has gained roughly 8.5% year-to-date. Meta, meanwhile, is sitting at -10%. That’s an underperformance gap of nearly 19 percentage points. This losing streak is the polar opposite of what Meta experienced just over a year ago. In February 2025, Meta posted a 16-day winning streak, its longest ever on the upside, fueled by AI optimism and strong re...