Meta Platforms is trading at CA$36.20 (-3.03%) on October 20 as investors appear cautious ahead of the October 21 earnings report.
- Investors are weighing whether advertising growth can justify Meta’s large AI spending and its effect on free cash flow.
- A recent price-target cut and profit-taking were also cited; the sector rebound does not explain the decline, and no new company announcement was identified.
- No volume or trading-activity data was provided, so activity levels cannot be assessed.