Meta Announces $10 Billion Data Center in Louisiana
Posted: Dec 05, 2024
- META, parent company of Facebook, spending $10 billion to build large data center in Louisiana
- Data center will take up 4 million square feet
- Powered by 3 new natural gas plants with 2.2 gigawatts capacity, enough to power 1 million homes
- META will invest in 1.5 gigawatts renewable energy
- META considering using nuclear energy for data centers in 2030s
- Construction of Louisiana data center will continue through 2030
- Entergy raised earnings growth outlook by 15% due to deal with META, stock rose
- META investing heavily in artificial intelligence and expanding data centers.
What do people on Reddit think?
🚨 Reddit sentiment: mixed - The comments contain both positive and negative sentiments: some praise META's strategy and past profitability, while others criticize its environmental impact and question its focus. Summarized comments: - Some users criticize the environmental impact of a new data center, juxtaposing it with concerns over global warming - Comparison to other major corporations like Lockheed/Boeing suggests strategic reasoning behind location choice, potentially for economic or political advantages - A user reflects on a successful past investment in META, regretting not investing more - Some praise META's leadership and ambition, referencing other large-scale projects like undersea cables - Comments question the potential for a stock split and show interest in the operational details of the data center build Stock tickers discussed: $META
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