The FTC is reportedly investigating Meta's VR unit for anticompetitive practices




  • In Business
  • 2022-01-14 21:19:47Z
  • By Engadget
 

The Federal Trade Commission (FTC) as well as several states, including New York, Tennesse and North Carolina, are reportedly investigating Meta's virtual reality division in relation to potential anti-competitive behavior. According to Bloomberg, the FTC and involved state attorneys general began interviewing third-party developers last year to find out if the company has put them at a disadvantage when they've tried to compete against its own software.

Some third-party developers claim Meta frequently copies their best ideas and then makes it harder for their apps to function on its headsets. Among other developers, the outlet points to the experience of Virtual Desktop creator Guy Godin. In 2019, he added a feature to his app that allowed Oculus Quest owners to stream PC games to their headsets. Meta, then known as Facebook, reportedly threatened to delist the app if Godin didn't remove the feature. That same year, the company released Oculus Link, a feature that allows Quest users to connect the headset to their PC via a USB-C cable.

It's unclear how close the FTC may be to filing formal charges against Meta. The agency declined to comment on the matter for Bloomberg. However, what is clear is that Meta is firmly in the FTC's crosshairs over its various acquisitions. In December, The Information reported the agency had opened a probe into its proposed $400 million deal to buy Supernatural studio Within. Separately, this week a federal judge allowed the FTC to proceed with an amended antitrust lawsuit that seeks to undo the company's acquisitions of WhatsApp and Instagram.

COMMENTS

More Related News

Peltz
Peltz's Activist Fund Trian Is Said to Build Stake in Unilever

(Bloomberg) -- Nelson Peltz's activist hedge fund Trian Fund Management has built a stake in Unilever Plc, according to people familiar with the matter...

Retail Resolve, Credit Form a Stock Bull Case for Troubled Times
Retail Resolve, Credit Form a Stock Bull Case for Troubled Times

(Bloomberg) -- Fortitude among small-time traders and sanguine credit signals underlie what's left of the stock bull case as markets skid toward their worst ...

U.S. Stocks Historically Deliver Strong Gains in Fed Hike Cycles
U.S. Stocks Historically Deliver Strong Gains in Fed Hike Cycles

(Bloomberg) -- As the Nasdaq 100 comes off its worst week since the pandemic selloff in March 2020, investors now have to contend with Wednesday's Fed...

Activist Hedge Fund Trian Builds Stake in Unilever: FT
Activist Hedge Fund Trian Builds Stake in Unilever: FT

(Bloomberg) -- Nelson Peltz's activist hedge fund Trian Partners has built a stake in Unilever Plc, the Financial Times reported, potentially adding pressure...

For Goldman, Saudi Arabia Will Remain King of Mideast IPO Deals
For Goldman, Saudi Arabia Will Remain King of Mideast IPO Deals

(Bloomberg) -- Saudi Arabia will remain the busiest of the Middle East's stock markets, even as the United Arab Emirates pushes more companies to go public, ...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

  • Lab grown diamonds
    (2022-01-15 07:05:43Z)

    I am familar with Virtual reality concepts. Since I have done my projects on this one. It is good one for me. It will be good for you to know about the new ideas and the VR will the next generation.

    REPLY

Top News: Business