> Meta stock pops on news it will reportedly start a cloud computing businessPrevious | First | 1 | Last | Next
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Meta stock pops on news it will reportedly start a cloud computing business
Meta (META) will reportedly begin selling computing capacity similar to Amazon's (AMZN) AWS and Microsoft's (MSFT) Azure, as it seeks to generate new lines of revenue amid its massive AI spending spree.
According to Bloomberg, the plans call for Meta to form a new business segment that would sell excess capacity to third-party customers.
The company could potentially host AI models in its data centers and charge developers to access them. It's also looking into serving as a neocloud business that would sell access to its hardware, similar to CoreWeave (CRWV).
Meta stock rose more than 7% on the report.
https://finance.yahoo.com/technology/ar … 12120.html
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SockpuppetRe: Meta stock pops on news it will reportedly start a cloud computing business
Yeah, but the real money is in the Metaverse and VR glasses!
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Re: Meta stock pops on news it will reportedly start a cloud computing business
What kind of enterprise would run its critical infrastructure on Facebook's servers? Not even the CTO of Trump Media & Technology would make such a bonehead decision.
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Re: Meta stock pops on news it will reportedly start a cloud computing business
Meta is a complete Ponzi.
They earn most of their profit from hosting online scams.
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