Briefing

U.S. Federal Trade Commission seeks to block Meta’s VR app acquisition

In October 2021, Culver City, Calif.-based Within announced that Facebook’s parent company would acquire it for an undisclosed sum. On Wednesday, the FTC filed a complaint in the U.S. District for the Northern District of California seeking to halt the deal. “The FTC’s case is based on ideology and speculation, not evidence,” said Meta spokesperson Alex Kucharski, adding it’s “simply not credible” that the acquisition would pose“anti-competitive outcomes in a dynamic space with as much entry and growth as online and connected fitness.” (The Logic)

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