What Happened? Shares of social network operator Meta Platforms (NASDAQ:META) fell 4.1% in the morning session as investors locked in profits following a 13% weekly rally driven by its new Muse artificial intelligence agent, while borrowing plans added pressure. The pullback followed a sharp run-up after Meta introduced its Muse personal AI agent and announced at its Connect conference that the software will expand to smart glasses, the company said on its blog. However, sentiment faced headwinds after the Financial Times reported, citing investors familiar with its goals, that Meta plans to tap Europe's bond market for the first time to fund AI infrastructure as technology giants borrow at record levels. The shares were trading at $718.70, down 4.
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