META is in a confirmed short-term downtrend, having shed -4.9% today alone and now trading at $582.90 — below the critical $570-$580 support band identified in recent reports — with momentum accelerating to the downside following failure to hold the $600 psychological level. The weak June jobs report (57,000 vs expectations) [N7] is forcing risk repricing across mega-cap tech, while META faces compounding headwinds including jury verdicts against the company in social media harm cases [N6], regulatory friction on WhatsApp in India [N2], and broader AI demand sustainability concerns [N7]. With the stock still -11% YTD and the recovery rally from $557 now largely unwound, downside momentum toward the prior base is the path of least resistance over the next 2-6 weeks.