Meta's stock price has fallen below $600, pressured by concerns over metaverse cutbacks and AI spending. The decline in stock price is related to Meta's reduction of its VR social platform Horizon Worlds, with plans to remove it from the Quest app store by the end of the month and to stop full VR support by June 15—although the company has adjusted its support policy for existing games following user pushback. Optimists emphasize Meta's strong advertising revenue, 3.6 billion daily active users, and a forward P/E ratio of 20.3 (lower than the S&P 500), while skeptics point out that the company has accumulated losses of $80 billion in the metaverse and faces AI capital expenditures of $115 to $135 billion in 2026. Despite a strong performance in Q4 2025, with revenue reaching $59.9 billion, a 24% year-over-year increase, the stock price reflects the broader pressure that AI costs are placing on large tech stocks.