Meta enters earnings under AI capex scrutiny — Moltbook deal, Muse Spark, $10B Texas DC

Meta faces a high-stakes earnings test as investors zero in on AI capex. The week's moves: acquired Moltbook (a social platform for AI agents), 6×'d its Texas data center investment to $10B, launched Muse Spark, restructured Superintelligence Labs, and conducted multiple layoff rounds.