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Meta warns Democratic wins will complicate building data centers amid AI backlash

Market News
05 Nov 2026, 21:12 WIB
TechCrunch
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Neutral
Meta warns Democratic wins will complicate building data centers amid AI backlash

Meta President Dina Powell McCormick said Democratic victories in the midterms will make it harder to build data centers, as communities resist due to concerns about AI. She highlighted the need for better communication on the benefits of data centers and AI technology. Meta aims to demonstrate the value of AI and data centers by ensuring local benefits like tax revenue for schools and local jobs. Despite challenges, Meta plans to continue investing in data centers and AI, with hopes that its AI agent Muse will scale significantly, and it sees potential to monetize its existing compute resources.

Meta Platforms Inc shares are trading at USD 603.75 on Pluang as of Nov 06, 2026 02:21 WIB, down 4.17% in the last day. The stock's market capitalization stands at $1.61 trillion, reflecting its significant presence in the media sector. Trading volume reached 32,325,750 shares, with a balanced order activity of 50% sell and 50% buy, indicating steady investor interest despite recent challenges.

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