Why did META move on Jul 2, 2026?

Meta's stock fell 4.1% following leaked comments from an internal town hall where CEO Mark Zuckerberg admitted that the company's AI agent development over the last four months had not accelerated as expected [2], [3]. Zuckerberg also revealed that top executives were worried early in the year about not moving fast enough on AI [9], and acknowledged that Meta's 2026 reorganization "wasn't as clean as it could have been" [7] with its strategic bets yet to come to fruition [10].