Meta Platforms, Sage Geosystems Strike Deal To Power Data Centers: Why Is Retail ‘Bearish’ On The Social Media Giant?

Meta Platforms and Sage Geosystems have signed an agreement to deliver up to 150 megawatts of new geothermal baseload power to support Meta's data centers. Sage’s proprietary Geopressured Geothermal System (GGS) will provide carbon-free power, which is expected to be highly scalable across the U.S. and globally.

Despite the positive environmental impact, retail investors on Stocktwits turned ‘bearish’ on Meta Platforms, likely influenced by recent news that CEO Mark Zuckerberg sold $8.8 million worth of the company's stock.

$Meta Platforms (META.US)$ has been strong, up over 11% in the past month and 50% year-to-date, but it seems to be facing resistance around the $540 mark, showing signs of exhaustion after its rally.