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.
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:
Interesting how fast the media started calling FB “Meta”