This is a good example of how large capital can influence price action.
At the market open, there was about 6.8 million shares sold, which you can see on the chart candle. The spread went from 614 to 600. This kind of move happens by creating a disproportionate volume, which isn't a new tactic. Hedge funds and other large players have used this to push prices down.
After that, they tend to buy back in smaller increments to cover their short position. However, because the following buy candles are smaller, the bid spread is often contained by market makers, keeping the price low.
It's a classic form of market manipulation, but it's hard to prove because institutions can always cite portfolio adjustments or delta hedging as reasons.
Still, these short-term tactics don't change the bigger picture. I think $Meta Platforms, Inc.(META)$ will be soaring, and you can trust that Zuckerberg has a track record of delivering.
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