Zuckerberg testifies at FTC in case to block Meta's acquisition of VR company

12/20 19:48

Mark Zuckerberg, chief executive of Facebook parent Meta Platforms (META.O), testified Tuesday before the Federal Trade Commission (FTC) in a case seeking to block the company's acquisition of a virtual reality startup, according to the Wall Street Journal. which owns the virtual reality fitness game "Supernatural". This legal action poses a direct challenge to Meta's strategic focus on the "metaverse". The case is widely seen as a test of FTC Chairman Lina Khan's expansive interpretation of antitrust law and the potential for the FTC to exert control over the power of the world's largest technology companies. The lawsuit alleges that the deal will certainly cause competitive harm because it could limit potential future competition in an emerging industry.

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