"Imagine your boss goes to the White House and says your company will spend $600 billion in the US through 2028. Now, imagine you have to go onstage and explain the math and logic behind such a huge commitment. I wouldn't want to do it. But this is what Meta chief financial officer Susan Li did on Tuesday at a Goldman Sachs conference in San Francisco."
"While onstage, Li was asked about Mark Zuckerberg's recent visit with President Donald Trump and other tech executives on September 4. While there, the Meta CEO said his company would invest "something like...I don't know, at least $600 billion through 2028 in the US." On Tuesday, Li explained there's a big difference between how tech founders and bean counters speak about such things. "The way we talk about these things is, one of us is a CFO and one of us is a Silicon Valley tech visionary," she said, getting a laugh from the crowd of investors and analysts."
"There's been "a lot of excitement" about Zuckerberg's comments, she said, and went on to clarify. That $600 billion number refers to "the total envelope" of Meta's US investment plans from this year through 2028. It includes all Meta's data center infrastructure plans in the US, along with "all the investments that go towards supporting our US business operations," including the people Meta hires, Li said. "We don't have a perfect crystal ball," she said, adding that this is how Meta thinks about its spending plans right now."
Mark Zuckerberg attended a White House dinner on September 4 with President Donald Trump and other tech executives. He said Meta would invest "something like...I don't know, at least $600 billion through 2028 in the US." Meta CFO Susan Li addressed the figure at a Goldman Sachs conference in San Francisco. Li contrasted visionary founder language with CFO precision and clarified that the $600 billion represents the "total envelope" of US investment through 2028. The amount covers data-center infrastructure and investments supporting US business operations, including hiring, and is not an exact forecast.
Read at Business Insider
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