Facebook-owner buys 'social media network for AI' Moltbook - March 2026

Meta, the parent company of Facebook and Instagram, has acquired Moltbook, a social media networking platform designed for artificial intelligence bots to interact with each other. Meta's advisory board has urged the social media giant to enhance oversight of fake AI-generated videos, citing concerns over the proliferation of such content. Meanwhile, shares of Nation Media Group surged 28.3% to Sh17 following the acquisition of a majority stake by Tanzanian businessman Rostam Azizi, who acquired the stake following the exit of the Aga Khan Fund for Economic Development after a 66-year investment.

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Wednesday 12:21 PMCapital Business

Facebook-owner buys ‘social media network for AI’ Moltbook

Meta, the parent company of Facebook and Instagram, has acquired Moltbook, a social media networking platform designed for artificial intelligence (AI) bots to interact with each other.

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