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Posted on: Oct. 22, 2020, 7:31 p.m.
Summary List Placement Scrolling through videos on social media may seem like carefree fun, but the logistics behind it are an increasingly serious business. ByteDance, the China-based parent company of the social media streaming service TikTok, has leased 53 megawatts of data-center space across three locations in northern Virginia, a source with knowledge of the transactions said, facilities that could consume more annual power than 25,000 homes. That's on top of 9 megawatts ByteDance leased in 2019, according to data … Full investment news articleRelevent to this post: Apollo Global Management Migration Capital,