Meta's Oculus VR business under investigation by FTC, multiple states: report

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The Federal Trade Commission and a group of states including New York, Tennessee and North Carolina have reportedly launched an investigation into Meta's Oculus unit.

The FTC is looking into whether Meta is using its market dominance in the virtual reality segment to suppress competition.

Sources told Bloomberg that the investigation is looking into whether Meta is using its market dominance in the virtual reality segment to suppress competition. The sources added that third-party developers have been questioned as part of the inquiry about the Oculus app store and sales strategy for the Oculus VR headset.

Representatives for the FTC and North Carolina attorney general declined to comment. Meta and the New York and Tennessee attorneys general did not immediately return FOX Business' request for comment.

 

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Interesting how fast the media started calling FB “Meta”

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