FTC didn't stop Facebook-Instagram. How about Meta-Within?
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
By BARBARA ORTUTAY
Published - Dec 16, 2022, 05:39 PM ET
Last Updated - Jun 23, 2023, 05:37 AM EDT
SAN JOSE, California (AP) — Facebook parent Meta is sparring with government regulators in federal court over its pending acquisition of a virtual reality fitness company Within Unlimited
CEO Mark Zuckerberg is expected to testify as a witness at the trial in San Jose, California.
Meta, the FTC argued in court this week, scrapped its own plans to enter the nascent VR fitness market in the summer of 2021 when it decided to buy Within. Without the competitive threat of the tech giant's entry into the market, the agency asserts, innovation stalls, hurting end users.
