Meta files motion to dismiss FTC case against VR acquisition - The Hill

Meta filed a question Thursday asking a tribunal to disregard a Federal Trade Commission (FTC) suit seeking to artifact the tech company’s acquisition of the virtual world (VR) institution within. 

The question is Meta’s latest enactment to propulsion backmost connected the FTC’s suit targeting Meta, the genitor institution of Facebook, aft the bureau filed a shorter mentation of its archetypal ailment past week. The suit was first filed successful July.

A Meta spokesperson said successful a connection Thursday that the “FTC’s effort to hole its ill-conceived ailment inactive ignores the facts and the instrumentality and relies connected axenic speculation of a hypothetical aboriginal state.” 

“There is vibrant contention successful the fittingness abstraction and crossed VR, and our acquisition of Within volition beryllium bully for people, developers, and the VR space. For these reasons, the ailment should beryllium dismissed,” the spokesperson added. 

The suit targets Meta’s projected acquisition of Within, the institution down the fittingness app Supernatural. 

The FTC’s amended ailment focuses connected a narrower conception of VR fittingness app market, inactive arguing that the woody would lessen contention oregon thin to make a monopoly, Reuters reported.

Meta’s challenged acquisition of Within comes arsenic the institution is looking to dive further into the virtual world space. Last year, CEO Mark Zuckerberg announced the plans to absorption connected the alleged metaverse arsenic portion of the company’s rebrand nether the sanction Meta.