The lawsuit echoes issues progressive critics have said the FTC should have raised in Facebook’s acquisitions of Instagram and WhatsApp roughly a decade ago.
for illegal monopolization of the personal social networking market, in which the agency charges that Meta used those two acquisitions to shut down nascent competitors to increase its own dominance. Meta previously sought for that lawsuit to be dismissed, though it isWhen the monopolization case was first filed in 2020, Facebook's chief counselthe FTC was looking for a"do-over" of its original reviews of the Instagram and WhatsApp mergers, which happened years earlier.
While federal antitrust agencies reserve their right to sue to unwind an acquisition that they didn't previously try to stop, it's generally much harder to break apart two merged entities than prevent them from combining in the first place. In its press release, the FTC said if Meta were to create a"virtual reality dedicated fitness app market" on its own, it would increase consumer choice and innovation. But it added that buying an existing app could dampen such innovation.
If Meta is allowed to buy Within, the agency continued, competition in the VR-dedicated fitness app market will decay, because just"the mere possibility of Meta's entry has likely influenced competition" in the market. The agency, which is made up of two Republicans and three Democrats including Chair Lina Khan, voted 3-2 to file the lawsuit in a federal court in California. The FTC's press release did not break down the vote, but Republican Commissioner Christine WilsonThe lawsuit could represent one of the first major events of Khan's leadership at the commission. The progressive tech critic was
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The Oculus Quest 2 is about to get $100 more expensive - get one before the price hikeThe Oculus/Meta Quest 2 VR headset is getting a massive $100 price increase on August 1, so now is the time to buy one.
Baca lebih lajut »
Meta raises VR headset prices $100The company cited rising costs for the unusual move, which could make its metaverse push harder.
Baca lebih lajut »
Tuned Out: Meta Scraps App for CouplesThe app nobody's really heard of will be out of commission this September.
Baca lebih lajut »
Meta is shutting down its couples messaging app you didn't know existed | EngadgetMeta is shutting down Tuned, an app that was meant to help couples stay in touch — but it's not clear many people used it..
Baca lebih lajut »
These Apps Turn Your Apple Watch Into a Fitness Tracking MachineIf you're training or just looking to step up your workout game, these tools take your wearable to the next level.
Baca lebih lajut »
TikTok owner ByteDance reportedly pushed pro-China messages in defunct news app | EngadgetTopBuzz employees have also claimed that the app flagged coverage of Hong Kong protests for removal, according to BuzzFeed News..
Baca lebih lajut »