Thus, taking a bet against Meta because it is allegedly manipulating its books is a long shot. Rather, investors were spooked by Meta's increased capex guidance, from its earlier levels of $60 billion and$65 billion for 2025 to between $70 billion and$72 billion in its latest earnings call. Following this revelation, the META stock went below the $700 level and has not recovered since, as with an uptick of just 4.6% on a year-to-date (YTD) basis, it is the worst-performing stock among the coveted “Magnifi ...