Meta May Set Up Data Centre In India
Meta, the parent company of
Facebook, is currently mulling to establish its inaugural data centre in India,
the media has reported. This move aims to address the growing demand for its
short video feature, Instagram Reels, in its largest market, says a report by
Money Control, citing sources familiar with the matter.
"Meta is evaluating deploying a small data centre. It could
be a cache-focussed 10-20 megawatt data centre," the report added, quoting
a person familiar with the matter.
According to the report, the social networking behemoth is
anticipated to commence a feasibility study in the first quarter (Q1) of 2024.
If Meta proceeds with setting up its inaugural data centre in
the country, with a capacity ranging between 10-20MW, the investment in the project
could fall within the range of Rs 500- Rs1,200 crore, the report further added.
Notably, this comes barely hours after a major outage plunged
social networking giant Meta's platforms into darkness, affecting billions of
users worldwide, and in India.
Meta-owned Facebook, Instagram and WhatsApp stopped functioning,
causing widespread disconnection and frustration among users globally. Reports
suggested that it took several hours before services were fully restored. The
outage dealt a severe blow to Mark Zuckerberg's Meta, not only in terms of user
engagement but also financially, with experts highlighting the company's
substantial losses.
Meta, saw its market value drop by 1.5 per cent due to outage
issues affecting a portion of its 3.98 billion global users across its social
media platforms. This decline amounted to a staggering $18 billion loss, which
translates to approximately £14 billion, the media has reported. Notably,
around 10 am ET (8:30 pm IST), a flood of issues were reported, coinciding with
a 1.5 per cent drop in Meta's share price. However, this decline has since
worsened, with shares falling by 1.6 per cent.
A statement read: “resolved the issue as quickly as possible for
everyone who was impacted, and we apologize for any inconvenience."
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