Meta Platforms Inc. is set to cut 20,000 jobs as it faces mounting financial challenges, evidenced by a recent downgrade from JPMorgan to 'Neutral' with a lowered price target of $725. Despite reporting impressive revenue figures of $56.31 billion and an EPS of $10.44, the company’s stock has slumped by 9%, leading to concerns about its future stability. Additionally, Meta has raised its capital expenditure guidance significantly, now expecting up to $145 billion, further unsettling the market.