Meta President on Data Center Politics

What happened: Meta President Dina Powell McCormick told the WSJ that a newly elected governor who ran on a data center platform asked to meet right after inauguration to avoid losing the investment and jobs. Key numbers: Meta has been building data centers for 20 years and operates in 23 states, five of which will have one gigawatt projects or larger, including Texas. Why it matters: McCormick said the industry has not done enough to explain the benefits of these investments, and that local support is required. Market: +1.4% today ($630.00), -3.0% YTD, 1.6x vol — as of 00:45 UTC Coverage: 15+ outlets in 24h

Meta President Dina Powell McCormick told the WSJ that a newly elected governor who ran on a data center platform asked to meet right after inauguration to avoid losing the investment and jobs.

McCormick said the industry has not done enough to explain the benefits of these investments, and that local support is required. Market: +1.4% today ($630.00), -3.0% YTD, 1.6x vol — as of 00:45 UTC