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FTC didn’t stop Facebook-Instagram. How about Meta-Within?

KIFI

By BARBARA ORTUTAY
AP Technology Writer

SAN JOSE, California (AP) — Facebook parent Meta is sparring with the U.S. Federal Trade Commission over its pending acquisition of virtual reality fitness company Within Unlimited in federal court in San Jose, California. CEO Mark Zuckerberg is expected to testify as a witness. At issue is whether Meta’s purchase of the small company that makes a VR fitness app called Supernatural will hurt competition in that emerging industry. If the deal is allowed to go through, the FTC argues it would violate antitrust laws and dampen innovation, hurting consumers who could see higher prices and fewer options outside of Meta-controlled offerings.

Article Topic Follows: AP National Business

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