Shots Fired At Facebook’s VR Monopoly

Thursday 12:07PM

It’s been a very bad year so far for Meta, the company formerly known as Facebook, in ways extremely unique to being one of the biggest tech companies in the world. Despite still making almost $7 billion in profit in recent months, TikTok is eating its lunch, the stock price is in shambles, and even the Kardashians have revolted. Now Meta is also being sued by the Federal Trade Commission over its monopoly in VR tech. It’s a shocking case that could have consequences for other big acquisitions in the realm of gaming.

Filed on the same day as Meta’s latest bad earnings report, the FTC is seeking an injunction against the company’s attempted takeover of Within, a VR startup with a hit workout app called Supernatural. The agency literally called it an “illegal acquisition to expand [Meta’s] virtual reality empire” in its press release. Meta responded, claiming in a statement that the FTC’s argument is based on ideology instead of evidence, and will hurt future developments in VR.

https://kotaku.com/facebook-meta-vr-monopoly-ftc-activision-lawsuit-1849343185