WebJul 29, 2024 · 10,273. Jul 27, 2024. #1. The Federal Trade Commission on Wednesday filed for an injunction to block Meta, the company formerly known as Facebook, from buying a virtual reality company called Within, limiting the company's push into the so-called metaverse and signaling a shift in how the agency is approaching tech deals. The … WebJul 27, 2024 · The Federal Trade Commission on Wednesday moved to block Facebook-parent Meta from acquiring virtual reality company Within, offering the clearest signal yet that the agency could take a tougher stance on Silicon Valley deals involving newer technologies.. In a complaint filed Wednesday in federal court, the FTC said Meta has …
QUICK LOOK: FTC And Meta
WebJul 27, 2024 · The FTC alleged in its complaint that the deal would reduce Meta’s incentive to develop its own competitor to Supernatural, or to add new features to Beat Saber, a Meta-owned VR app that the FTC ... WebDec 9, 2024 · Meta has promised to become a leader in the metaverse — hence the name change from Facebook — and wants to buy Within to expand its virtual reality offerings. The FTC argues that the deal will ... setting up wordpress on xampp
Dozens of U.S. states back FTC challenge to Meta
WebFeb 10, 2024 · Meta, which closed the deal Wednesday, declined comment. The FTC sued Meta in July to stop the Within deal, saying Meta's "campaign to conquer VR" began in 2014 when it acquired Oculus, a VR ... WebJul 27, 2024 · This deal brings more competition and innovation to VR more generally. The FTC is wrong on the facts and the law. Today, the Federal Trade Commission (FTC) filed a lawsuit seeking to block Meta’s planned acquisition of Within, the company behind the VR fitness app Supernatural. The FTC’s case is based on ideology and speculation, not … WebDec 8, 2024 · Meta has promised to become a leader in the metaverse — hence the name change from Facebook — and wants to buy Within to expand its virtual reality offerings. The FTC argues that the deal will ... setting up worldpay terminal