01:38 PM EDT, 08/26/2025 (MT Newswires) -- Meta Platforms ( META ) plans to spend $50 billion on its data center in rural Louisiana, Bloomberg reported Tuesday, citing comments made by President Donald Trump during a Cabinet meeting.

Meta did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 750.25, Change: -3.05, Percent Change: -0.40