Business · 2h ago
Meta enters cloud business, taking on AWS and Google Cloud
Meta is building its own cloud infrastructure to sell server capacity, according to a report. The move would put Meta in direct competition with Amazon Web Services and Google Cloud. Meta aims to leverage its data center expertise to offer cloud services to external customers.
Meridian48 take
Meta's cloud play is a logical diversification but faces an uphill battle against entrenched hyperscalers.
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