Meta acquires AI agent social network Moltbook

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Bay Area Times
March 11, 2026

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Top stories today:

  1. Meta acquires AI agent social network Moltbook
  2. Oracle Q3 FY26 revenue +22% YoY to $17.2B, beats $16.9B estimate
  3. General Catalyst said to seek ~$10B fundraise after $8B in 2024
  4. Legora raises $550M Series D led by Accel at $5.6B valuation
  5. Thinking Machines Lab signs multiyear deal with NVIDIA
  6. Pershing Square, Bill Ackman’s hedge-fund firm, files for IPO

0. Data and calendar

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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Meta acquires AI agent social network Moltbook

  • Mar. 16: Moltbook’s creators Matt Schlicht and Ben Parr will join Meta Superintelligence Labs as part of the deal.

  • Mid-Mar.: The deal is expected to close.

  • The deal price was not disclosed.

  • Existing Moltbook customers can continue using the platform, Meta said in an internal post, though the arrangement may be temporary.

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3. Oracle Q3 FY26 revenue +22% YoY to $17.2B, beats $16.9B estimate

  •  +44% YoY in cloud revenue to $8.9B.

  • +84% in cloud infrastructure revenue to $4.9B.

  • +3% in software revenue to $6.1B.

  • $50B capital expenditure expected in FY2026, unchanged from prior guidance.

  • $90B FY2027 revenue projected vs. $86.6B analyst estimate.

  • Oracle stock +9% in after-market trading after the earnings.

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5. General Catalyst said to seek ~$10B fundraise after $8B in 2024

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