Zuckerberg, in FTC trial, says Meta focused on building comms apps - ETBrandEquity

In the archetypal fewer minutes, helium was questioned by <a id=\"128681\" type=\"General\" weightage=\"50\" keywordseo=\"federal-trade-commission\" source=\"Orion\" class=\"news-keywords\" href=\"\/tag\/federal+trade+commission\">Federal Trade Commission<\/a> officials, who asked him astir an email helium wrote successful 2015 wherever helium said helium expected Meta to physique \"most of the apps and bundle services\" for the virtual world industry.<br><br> The <a id=\"88852\" type=\"General\" weightage=\"50\" keywordseo=\"ftc\" source=\"Orion\" class=\"news-keywords\" href=\"\/tag\/ftc\">FTC<\/a> sued the Facebook and Instagram proprietor successful July to halt the deal, saying its \"campaign to conquer VR (virtual reality)\" began successful 2014 erstwhile it acquired <a id=\"1974998\" type=\"General\" weightage=\"50\" keywordseo=\"oculus\" source=\"Orion\" class=\"news-keywords\" href=\"\/tag\/oculus\">Oculus<\/a>, a VR headset manufacturer. It has accused Meta of trying to bargain its mode to dominance successful the metaverse. <br><br> Within developed Supernatural, which it advertises arsenic a \"complete fittingness service\" with \"beautiful destinations\" and \"workouts choreographed to the champion euphony available.\"<br><br> Meta is battling a multipronged, planetary conflict against regulators implicit its dominance successful assorted markets. The <a id=\"59149\" type=\"General\" weightage=\"50\" keywordseo=\"european-commission\" source=\"Orion\" class=\"news-keywords\" href=\"\/tag\/european+commission\">European Commission<\/a> connected Monday said it warned Meta that it is breaching EU antitrust laws by distorting contention successful online classified advertizing and abusing its ascendant position.<br><br> Meta shares were up 1.7 per cent successful day trading astatine USD 116.53 a share.<br><br><em>Nominate your integer campaign(s) successful the forthcoming ET India DigiPlus Awards. <a href=\"https:\/\/brandequity.economictimes.indiatimes.com\/india-digiplus-awards\">Click here<\/a> to cognize more.<\/em><br> <div class=\"embeds-section\"><div class=\"article-embeds\"><figure class=\"avtar avtar-right\"><a rel=\"nofollow\" href=\"\/news\/digital\/meta-to-delay-closing-acquisition-of-within-unlimited-by-one-month\/96369761\"><img class=\"unveil\" src=\"\/Themes\/Release\/images\/responsive\/etbrandequity-default.jpg\" data-src=\"https:\/\/etimg.etb2bimg.com\/thumb\/96369761.cms?width=141&amp;height=90\"><\/a><\/figure><div class=\"descBx\"><h2><a rel=\"nofollow\" href=\"\/news\/digital\/meta-to-delay-closing-acquisition-of-within-unlimited-by-one-month\/96369761\">Meta to hold closing acquisition of Within Unlimited by 1 month<\/a><\/h2><p>Meta has agreed to propulsion backmost the closing by 1 period oregon until the archetypal time aft the tribunal rules connected U.S. Federal Trade Commission's (FTC) preliminary injunction trial, according to the filing with the United States District Court for the Northern District Of California. The FTC filed a slimmed-down ailment successful October against the merger, focusing connected the VR-dedicated workout app marketplace and dropped allegations related to the broader VR fittingness app market.<\/p><\/div><footer><div class=\"moreTxBx\"><a rel=\"nofollow\" href=\"\/news\/digital\/meta-to-delay-closing-acquisition-of-within-unlimited-by-one-month\/96369761\" class=\"more-link1\">See More Details<\/a><\/div><\/footer><\/div><\/div> <div class=\"embeds-section\"><div class=\"article-embeds\"><figure class=\"avtar avtar-right\"><a rel=\"nofollow\" href=\"\/news\/digital\/ftc-didnt-stop-facebook-instagram-how-about-meta-within\/96295197\"><img class=\"unveil\" src=\"\/Themes\/Release\/images\/responsive\/etbrandequity-default.jpg\" data-src=\"https:\/\/etimg.etb2bimg.com\/thumb\/96295197.cms?width=141&amp;height=90\"><\/a><\/figure><div class=\"descBx\"><h2><a rel=\"nofollow\" href=\"\/news\/digital\/ftc-didnt-stop-facebook-instagram-how-about-meta-within\/96295197\">FTC didn't halt Facebook-Instagram. How astir Meta-Within?<\/a><\/h2><p>The FTC's situation to Meta's acquisition reflects bureau seat Lina Khan's assertive stance connected Big Tech and antitrust.<\/p><\/div><footer><div class=\"moreTxBx\"><a rel=\"nofollow\" href=\"\/news\/digital\/ftc-didnt-stop-facebook-instagram-how-about-meta-within\/96295197\" class=\"more-link1\">See More Details<\/a><\/div><\/footer><\/div><\/div><br><\/body>","next_sibling":[{"msid":96371208,"title":"Twitter bans linking to Facebook, Instagram, different rivals","entity_type":"ARTICLE","link":"\/news\/digital\/twitter-bans-linking-to-facebook-instagram-other-rivals\/96371208","category_name":null,"category_name_seo":"digital"}],"related_content":[],"msid":96379954,"entity_type":"ARTICLE","title":"Zuckerberg, successful FTC trial, says Meta focused connected gathering comms apps","synopsis":"The FTC sued the Facebook and Instagram proprietor successful July to halt the deal, saying its \"campaign to conquer VR (virtual reality)\" began successful 2014 erstwhile it acquired Oculus, a VR headset manufacturer. It has accused Meta of trying to bargain its mode to dominance successful the metaverse.","titleseo":"digital\/zuckerberg-in-ftc-trial-says-meta-focused-on-building-comms-apps","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-12-21 09:20:00","lastupd":"2022-12-21 09:20:41","breadcrumbTags":["meta","zuckerberg","mark zuckerberg","oculus","federal commercialized commission","ftc","meta platforms","european commission"],"secinfo":{"seolocation":"digital\/zuckerberg-in-ftc-trial-says-meta-focused-on-building-comms-apps"}}" data-authors="[" data-category-name="Digital" data-category_id="383" data-date="2022-12-21" data-index="article_1">