Has Mark Zuckerberg just stopped the world’s hottest trade in its tracks?
Reports that Zuckerberg’s social media giant, Meta Platforms, is preparing to launch a business that will sell excess cloud computing capacity sent the stock up almost 9 per cent on Wednesday night, as investors rejoiced in the idea that such a move would help defray the extraordinary cost of Meta’s AI investments, or even lead Meta to pull back on capital expenditure.
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