The Federal Trade Commission is suing toprevent Metafrom acquiring Within, the virtual reality fitness app maker.
“This will benefit every player in the VR space (besides Zuckerberg).
Monopoly Money?
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It has asked a judge to order a preliminary injunction to halt the proposed transaction.
But Meta chose to buy market position instead of earning it on [merit].
This is an illegal acquisition, and we will pursue all appropriate relief.”
Less Choice for Metaverse Users?
And, he said, Meta has an outsize financial advantage over smaller software makers.
A Meta victory against the FTC would set a risky precedent, said Alexander.
However, Bentovim contends that Meta acquiring Within won’t stamp out the competition in VR fitness apps.
