What happened: Meta (META) stock plunged roughly 8% on Thursday. For the quarter, Meta reported earnings per share of $6.18 on revenue of $60.8 billion. Importantly, the company raised the lower end of its capital expenditure estimates, increasing them to between $135 billion and $145 billion from $125 billion to $145 billion. The company has said it plans to spend upward of $145 billion this year, with the bulk of that going to its data center build-out. And their cash flow was slightly positive, and I mean slightly, so barely passable," Gil Luria of D.A.