[peterpannn]

Facebook will open a data center asia pacific worth $ 1 billion

The social network Facebook wants to build a data storage center in Singapore, according to TechCrunch. The cost of the project is estimated at about $ 1 billion.

The company wants to build an 11-storey building that will speed up the work of the social network and increase the efficiency of services. Facebook expects that the building will be 100% provided with energy from renewable sources. In addition, during the construction they plan to use StatePoint Liquid Cooling technology, which reduces the amount of energy and water consumed.

The project of the new data center will create hundreds of jobs in Singapore, the company expects. The area of the data storage center will exceed 170 thousand square meters. m. The company expects to open the center in 2022.

The publication notes that in the Asia-Pacific region (APR), Facebook is used every month by 894 million people (40% of the total number of users). Despite the fact that the APR is the leader in the number of Facebook users, the region does not show high results in terms of revenue. In the second quarter of 2018, Facebook earned $ 2.3 billion in the Asia-Pacific region, or 18% of the total revenue of the social network.

And in mid-August, the social network bought the technology of interactive video broadcasting startup Vidpresso. The company also hired seven full-time employees for the project, which might include data center services. Startup Vidpresso, founded in 2012, improved video broadcasts on Facebook, YouTube, Twitch and Periscope.

[Basic_Strategy]

https://news.sky.com/story/shares-in-fac...e-12731461 

[sgh]

Not only Meta look at Amazon Google Apple etc top tech companies under heavy selling. Some have reached new 52 week low and can go even lower. This remaining year best to stick to fixed income like SSB and T-bill etc

[fishbuff]

Facebook will open a data center asia pacific worth $ 1 billion

The social network Facebook wants to build a data storage center in Singapore, according to TechCrunch. The cost of the project is estimated at about $ 1 billion.

The company wants to build an 11-storey building that will speed up the work of the social network and increase the efficiency of services. Facebook expects that the building will be 100% provided with energy from renewable sources. In addition, during the construction they plan to use StatePoint Liquid Cooling technology, which reduces the amount of energy and water consumed.

The project of the new data center will create hundreds of jobs in Singapore, the company expects. The area of the data storage center will exceed 170 thousand square meters. m. The company expects to open the center in 2022.

The publication notes that in the Asia-Pacific region (APR), Facebook is used every month by 894 million people (40% of the total number of users). Despite the fact that the APR is the leader in the number of Facebook users, the region does not show high results in terms of revenue. In the second quarter of 2018, Facebook earned $ 2.3 billion in the Asia-Pacific region, or 18% of the total revenue of the social network.

And in mid-August, the social network bought the technology of interactive video broadcasting startup Vidpresso. The company also hired seven full-time employees for the project, which might include data center services. Startup Vidpresso, founded in 2012, improved video broadcasts on Facebook, YouTube, Twitch and Periscope.

think it will have similar fate as Dyson's plan to open an EV factory in SG..