www.competitionpolicyinternational.com Open in urlscan Pro
162.242.166.115  Public Scan

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Home In The News FTC Cuts Down Complaint Meta-VR Antitrust Suit


FTC CUTS DOWN COMPLAINT META-VR ANTITRUST SUIT

CPI
-
October 9, 2022
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Antitrust enforcers who had asked a federal judge to stop Facebook parent Meta
from buying virtual reality content maker Within filed a shorter version of
their complaint on Friday, adding a new chapter to the social media giant’s
journey to reinvent itself and take a leading position in the emerging Virtual
Reality environment.

The Federal Trade Commission had filed a lawsuit in July saying that Meta’s
acquisition of Within Unlimited Inc would “tend to create a monopoly” in the
market for virtual reality-dedicated fitness apps.

The amended complaint focuses on the virtual reality dedicated exercise app
market. One of these apps is Within’s Supernatural,which is available only on
Meta’s VR devices. It argues that the proposed deal would “substantially lessen
competition or tend to create a monopoly” in that market.

Learn More: Building a Metaverse World with a Real-World Economy

The complaint drops allegations related to the broader VR fitness app market
which also includes dance apps and others that encourage physical activity but
are not purely focused on exercise.

Meta, which has said it would fight the lawsuit, said, “What remains of the
FTC’s case are speculative claims that continue to lack support in either the
facts or the law.”

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and
updates on antitrust developments around the world.

SOURCEReuters
 * TAGS
 * Antitrust suit
 * FTC
 * Meta
 * VR

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