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Facebook parent Meta will invest less in data centres in 2023

CEO Zuckerberg tells his investors that the theme for the next 12 months is a 'Year of Efficiency' and that he is focused on becoming a “stronger and more nimble organisation”.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

February 02, 2023 | 12:05 AM GMT

Facebook parent Meta will invest less in data centres in 2023

CEO Mark Zuckerberg at Facebook Communities Summit 2019. Source: Meta

The Tech Capital

Meta Platforms Inc. has seen its shares soar by nearly 20% after announcing a major cost-cutting plan that includes reduced spending on data centres.

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João Marques Lima

Founder and Editor, The Tech Capital

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