TradingKey – Meta’s stock price rebounded slightly on the eve of its earnings report, but if capital expenditure is revised upward further, the stock price will continue its decline.

On July 29, Eastern Time, Meta ( META) rebounded slightly, rising 0.64% to temporarily trade at $597.21. Over the past nine trading days, Meta’s stock price has suffered immense selling pressure, falling continuously from above its high of $680, with a cumulative decline of over 12% to date, dragging down its overall performance for the year.

The underlying reason for the continuous decline in Meta’s stock price is not an inability to sell ads, but rather that it is spending too much money. Meta’s guidance shows that its full-year CapEx guidance for 2026 was…