FTC takes on Meta in court over virtual reality acquisition

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The FTC is accusing Meta of trying to assert undue dominance in the metaverse, arguing that the tech company's acquisition of Within would illegally boost Meta's market power.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Let Zuckerberg buy whatever he wants. He’s leading the company down a path of destruction.

ProfitsTaken 👀

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC, Meta renew battle in federal court over acquisition of VR fitness app maker WithinThe FTC claims Meta will illegally extend its market power into the nascent metaverse market and that Meta “had the intentions to enter — and thus was a reasonably probable entrant into — the VR Dedicated Fitness App market,” according to a court filing.
Source: MarketWatch - 🏆 3. / 97 Read more »

FTC challenges Meta acquisition of VR company in courtFederal regulators will open their campaign to block Facebook parent Meta's acquisition of a virtual-reality company, with opening statements beginning Thursday in a San Jose, California, courtroom.
Source: WashTimes - 🏆 235. / 63 Read more »

FTC challenges Meta acquisition of VR company in San Jose courtFederal regulators will open their campaign to block Facebook parent Meta's acquisition of a virtual-reality company, with opening statements beginning Thursday in a San Jose courtroom. 1. these white male are {kkk mad} about {the real orals sex education}, they need to be on a kkk watch in two places {Employment and corrupt police} they are using foreigner against black Americans { black Americans get behind the UNITED STATES CONSTITUTION} and stay there
Source: KPIXtv - 🏆 443. / 53 Read more »

Xbox Being Sued by FTC Over Activision Blizzard AcquisitionThe FTC, one of the biggest government agencies in the United States, is suing Microsoft in an [...] Microsoft should block destiny on Xbox until Sony agrees to it's Call of Duty terms
Source: ComicBook - 🏆 65. / 68 Read more »

FTC Sues to Block Microsoft’s $69 Billion Activision Blizzard AcquisitionThe FTC is seeking to block Microsoft from acquiring Activision Blizzard, maker of video-game franchises including “Call of Duty,” “Overwatch” and “World of Warcraft,&…
Source: Variety - 🏆 108. / 63 Read more »