**Amazon Wins Court Ruling Against Perplexity**
On March 11, 2026, Amazon secured a legal victory preventing Perplexity from scraping its website. This ruling highlights Amazon’s efforts to maintain control over its advertising ecosystem, which generates over $40 billion in revenue. The company aims to keep consumers directed to its platform amidst the rising influence of AI agents in shopping.
**Meta Acquires Moltbook**
Meta recently acquired Moltbook, a social network for AI agents, indicating a shift towards developing autonomous AI capabilities. Launched in January 2026, Moltbook allows AI entities to communicate and interact, potentially enhancing Meta’s AI strategy as the company seeks to leverage its cash reserves for talent and innovation.
**Oracle Reports Record Growth Amidst Heavy Spending**
Oracle announced a remarkable 325% year-over-year increase in its backlog, reaching $553 billion in contracted future revenue during its Q3 earnings report, released on March 10, 2026. However, the company’s hefty investments to expand its cloud infrastructure resulted in negative free cash flow of approximately $25 billion for the quarter, reflecting its aggressive approach to meeting surging demand for AI services.
