US Antitrust Watchdog Sues to Stop Facebook from Monopolizing the Metaverse

Jul 28,2022
KingData News: The Federal Trade Commission (FTC) filed suit to stop Facebook from acquiring Unlimited and its virtual reality fitness app, Supernatural. The agency alleges that Meta and Zuckerberg are planning to expand Meta’s virtual reality empire with this attempt to illegally acquire a dedicated fitness app that proves the value of virtual reality to users. The complaint details Facebook's acquisition of virtual reality companies, going back to its purchase of Oculus back in 2014.
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