your current location is:Home > Finance > NewsletterHomeNewsletter

Meta asks court to dismiss FTC antitrust lawsuit, says VR market allegations are purely conjecture

  • linda
  • 2022-10-14 20:28:05
  • 313 read
  before, Facebook platform parent company Meta was the United States Federal Trade Commission (FTC) second antit...

  before, Facebook platform parent company Meta was the United States Federal Trade Commission (FTC) second antitrust lawsuit, FTC asked the court to prevent Meta from acquiring virtual reality software manufacturers "Within Unlimited" deals. On Thursday, local time, Meta formally asked the court to dismiss the FTC lawsuit.

  A spokesperson for Meta said on the same day that the FTC’s lawsuit against Meta had no basis. The plaintiff recently revised the complaint, but the new allegations also have no legal and factual basis, and rely entirely on subjective guesses about the future of the fictitious real market.

  The FTC amended the complaint this month with minor tweaks to the allegations, but the big ones haven't changed. As one of the two major antitrust enforcement agencies of the U.S. federal government, the FTC lawsuit focuses on the fitness software market for virtual reality devices, as well as the fitness software Supernatural (currently only available for Meta's virtual reality devices) owned by Within.

  The FTC alleges that Meta's acquisition of Within will severely reduce competition and create an exclusive monopoly in the virtual reality fitness software market.

  On the same day, Meta filed a judicial motion to the court, stating that the FTC's antitrust allegations are self-contradictory and purely self-conjecture. The FTC has no factual basis to prove whether the so-called "virtual reality equipment fitness software market" is in the Behavior is still structurally oligopolistic.


TAG: No label

Article Comments (0)

    • This article has not received comments yet, hurry up and grab the first frame~


Top