- Meta Platforms Inc FB had halted plans to build a large data center in the Netherlands following intense government backlash, Bloomberg reports.
- The local, provincial and national governments invited Meta in 2019 to consider a data center investment in the Netherlands in the region of Zeewolde.
- However, the Dutch Senate approved a motion to reconsider the plan.
- Meta also faced opposition at the local level over a potential clash with the country’s national vision for sustainability.
- In February, the Dutch government announced a nine-month block on data center permits exceeding 10 hectares, citing a lack of space.
- Price Action: FB shares traded higher by 2.86% at $229.96 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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