- Meta Platforms Inc (NASDAQ:FB) had halted plans to build a large data center in the Netherlands following intense government backlash, Bloomberg reports.
- The local, provincial and national governments invited Meta in 2019 to consider a data center investment in the Netherlands in the region of Zeewolde.
- However, the Dutch Senate approved a motion to reconsider the plan.
- Meta also faced opposition at the local level over a potential clash with the country’s national vision for sustainability.
- In February, the Dutch government announced a nine-month block on data center permits exceeding 10 hectares, citing a lack of space.
- Price Action: FB shares traded higher by 2.86% at $229.96 on the last check Tuesday.
American Axle & Manufacturing Holdings Said Sunday Company is Not Engaged in a Process to Sell the Company
AAM is aware of the media activity regarding the company that began on Friday, May 20. While our long-standing policy is to not publicly comment on market rumors and media speculation, we feel it is important to clarify that we are not engaged in a process to sell the company. We are currently focused on executing our stand-alone strategy. In the ordinary course, we continuously monitor market
