Jason Calacanis

There were a few data centers that were protested, and a few of those, 40% of them, I think it was literally like one or two, got canceled.

But then starting in 24, when you have this divergence of messaging or this chaotic slipshod messaging, and it was just a fever pitch to raise money, what you started to see was this fomenting of negative perspective by individual people on the ground.

And so in 2024, about 40% of all protested data centers were canceled.

Still a small number, you could ignore it.

But last year was when the bottom fell out.

we had about 25 data centers canceled, about five gigawatts that got canceled.

If you use Sarah Fryer's number, that's $50 billion a year of revenue

which is off the table because of what happened in 25.

Now that has implications to everybody.

Look at the amount of taxes that that would actually raise for federal and local and state governments, all gone, vanished.

In 26, just at the end of February, there are about 100 data centers being protested, which if you flow that through will mean about 40 will get canceled.

And that number right now is about seven gigawatts, so another $70 billion a year of revenue.

So just last year and this year, we've taken off the table $120 billion of QM revenue per year.

This is a wake-up call that this messaging is wrong.

These people are not doing what is right on behalf of a very nascent and critical industry for America.

There's only so much that Sachs can do, the White House can do.

All these other people are kind of at the periphery.

But if the people that are on the ground don't get their together, this is a national disaster.

Surfside.

He's in Surfside.