Back in November, we broke the news that Meta — owner of Facebook, Instagram, and WhatsApp, with billions of users accounting for 10% of all fixed and 22% of all mobile traffic — was close to announcing work on a major new, $10 billion+ subsea cable project to connect up the globe. The aim was to give Meta more control over how it runs its own services. Today, Meta confirmed details of our report: Project Waterworth is the official name, and it will be 50,000 kilometers long when completed, maki...