Mark Zuckerberg will testify in the FTC’s antitrust case against Meta - Yahoo Finance

The Federal Trade Commission volition telephone connected Meta CEO Mark Zuckerberg to attest successful its upcoming lawsuit against the company. The FTC sued the societal media giant successful July successful an effort to artifact it from buying Within Unlimited, the creator of the fashionable VR workout app Supernatural.

Reuters reports that the bureau listed 18 witnesses, including Zuckerberg and Meta CTO Andrew Bosworth, successful a tribunal papers filed with California’s Northern District Court connected Friday. In summation to answering questions astir the imaginable acquisition, the FTC plans to inquire Zuckerberg astir Meta’s VR strategy and however the institution intends to enactment third-party developers, according to tribunal documents seen by Reuters.

In July, the FTC accused the institution and Zuckerberg of attempting to “illegally acquire” Within. “Instead of competing connected the merits, Meta is trying to bargain its mode to the top,” John Newman, lawman manager of the FTC’s Bureau of Competition, said astatine the time.

Meta has dismissed the FTC’s lawsuit, claiming it is based connected “idealogy and speculation, not evidence.” The lawsuit could beryllium different costly setback for a institution struggling to person the nationalist and Wall Street of its imaginativeness for the future. Earlier this week, Meta disclosed successful its latest net report that its Reality Labs VR and AR part is losing much wealth than ever. In Q3 2022, the portion mislaid $3.7 billion. That’s a inclination David Wehner, the company’s outgoing main fiscal officer, told investors would proceed done 2023.