That would be cumulative tax subsidies over 40 years. Still a hell of a lot. >>Facebook and its nearly 3 billion users will have even more room to store all the life moments and minutiae fit to post following a Thursday announcement of plans to further expand the company’s massive data storage facility in this Utah County community. >>Two new buildings totaling 900,000 square feet represent the third phase of a project, which broke ground in 2018, that already has nearly 1,500,000 square feet of warehouses under construction. Almost the entirety of that space will house rows of data storage equipment intended to help keep the world’s largest social media platform up and running and accommodating ongoing growth. >>The company reports it has invested over $1 billion in the Eagle Mountain facility so far, with over 4 million work hours having gone into a project that’s included erecting over 12,000 tons of steel and pouring over 100,000 cubic yards of concrete. >>While none of the new digital storage capacity has been activated for use as of yet, a Facebook spokeswoman said two of the first three buildings are nearing completion and the company expects to be online sometime this year. >>This week’s news comes as no surprise as the company predicted, when it unveiled its project in May 2018, that the facility could be built out in as many as five phases. If all five phases are completed in the next few decades, Facebook is set to harvest a potential $750 million in taxpayer subsidies along the way. >>Those benefits will go to a company that had some $86 billion in revenues last year, according to market data reporter Statista. That’s up from $70.7 billion in 2019. At the end of regular trading on Wednesday, Facebook had a market capitalization of over $774 billion.