The world’s largest social media company, Meta, has undoubtedly become one of the companies that has done the most work on the metaverse universe. For this purpose, the company has made significant investments in virtual reality glasses. The company, which has been investigated many times since its establishment under the name Facebook, is on the verge of being investigated again due to the policy it follows during these investments.
Meta bought Within for $400 million
Meta bought Within, the developer of the popular virtual reality workout application Supernatural, for the Oculus platform, for 400 million dollars. However, this purchase was caught on the radar of the Federal Trade Commission (FTC). According to the commission, this move by Meta is seen as “a move made to dominate the space and eliminate competition”.
Within is not the first virtual reality app developer Meta has acquired. However, this is the first time such a big deal has been achieved in this area. The FTC’s investigation continues in this area. Rumor has it that Meta will appeal to the commission. Company Meta, familiar with the investigations, is preparing its defence.
Meta has faced the Federal Trade Commission before. The FTC launched an investigation regarding the acquisition of Instagram, one of its largest platforms at the moment. The commission had filed antitrust charges against the company. The phrase “Buying is better than competing”, which Meta CEO Mark Zuckerberg said at that time, was widely spoken. The company is currently under investigation into acquiring Giphy.
Do you think Meta deserves the accusations? What do you think about the metaverse universe? Please share your views with us.
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