Zuckerberg to testify in U.S. case against Facebook’s virtual reality deal By Reuters


© Reuters. Facebook Chairman and CEO Mark Zuckerberg attends the annual Munich Security Conference in Germany, February 15, 2020. REUTERS/Andreas Gebert

(Reuters) – Meta Platforms Inc Chief Executive Officer Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues the company’s proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked.

In a court document filed with U.S. District Court Northern District Of California on Friday, the FTC listed 18 witnesses it plans to question, including Zuckerberg, Within CEO Chris Milk and Meta Chief Technology Officer Andrew Bosworth.

They were also on a list of witnesses submitted on Friday by defendants Meta and Within.

In addition to defending the Within acquisition, Zuckerberg is expected to be questioned about the Facebook-parent’s strategy for its VR business, as well as the company’s plans to support third-party developers, according to the court document.

The FTC had filed a lawsuit in July saying that Meta’s acquisition of Within would “tend to create a monopoly” in the market for VR-dedicated fitness apps.

The regulator argues that the proposed deal would “substantially lessen competition or tend to create a monopoly” in that market.

Meta, in court documents, has argued that “the FTC’s conclusory, speculative, and contradictory allegations do not plausibly plead any facts to establish that any supposed market for VR Deliberate Fitness apps is ‘oligopolistic’ as to either behavior or structure.”

Facebook (NASDAQ:) agreed to buy Within in October 2021 for an undisclosed sum.



Source link

Related articles

FET launches distant ROV management station for subsea operations

(WO) — Discussion board Vitality Applied sciences (FET) has launched a brand new distant management station designed to permit operators to run remotely operated car (ROV) programs from nearly any location. The system operates...

Wolfe Wave Dashboard Indicator – Full Person Information & Buying and selling Handbook (MT4 & MT5) – Analytics & Forecasts – 12 March 2026

Wolfe Wave Dashboard Indicator - Full Person Information & Buying and selling Handbook (MT4 & MT5) Introduction The Wolfe Wave Dashboard Indicator is an...

Psychology says individuals who grieve a pet extra intensely than they’ve grieved some kinfolk aren’t being dramatic — the bond prompts these 6 attachment...

Add Silicon Canals to your Google Information feed. When my grandmother’s cat died final yr, I cried more durable than I did at some household funerals. For weeks, I felt responsible about this—what...

I challenged ChatGPT to a writing competitors. Might it really exchange me? | Life and elegance

Each author I do know is in despair on the prospect being changed by AI. Lots of them say they by no means apply it to precept; I do know all of them...

Right here’s What The Solana Worth Would Be If It Reaches The ATH Market Cap Of Ethereum

Trusted Editorial content material, reviewed by main business specialists and seasoned editors. Advert Disclosure Following the unbelievable restoration of the Solana value from lower than $10 in 2022 to nearly $300 by 2025, it...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com