Meta (META) on Wednesday reported third quarter earnings beating expectations on revenue but falling short on earnings per share due to a one-time, tax-related charge and increased capital expenditures this year and in 2026 due to its AI buildout. Meta stock plummeted more than 7% in premarket trading on Thursday following the news. The social media giant has been on a massive spending spree in recent months, laying out billions to hire talent and build the data centers necessary to meet its demand for A ...