Zuckerberg to testify in US case against Facebook’s virtual reality deal | Jobi Cool

Meta Platforms Inc CEO Mark Zuckerberg will testify in a Federal Trade Commission (FTC) case that claims the company’s proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked.

In a court filing filed Friday in the U.S. District Court for the Northern District of California, the FTC listed 18 witnesses it plans to question, including Zuckerberg, Insider CEO Chris Milk and Meta CTO Andrew Bosworth.

They were also on the list of witnesses presented by the accused Meta and Within on Friday.

In addition to defending the Within acquisition, Zuckerberg is expected to be questioned about parent Facebook’s strategy for its VR business, as well as the company’s plans to support third-party developers, according to a court filing.

The FTC had filed suit in July, saying Meta’s acquisition of Within would “tend to create a monopoly” in the market for VR fitness apps.

The regulator claims that the proposed deal would “significantly lessen competition or tend to create a monopoly” in that market.

Meta, in court filings, has argued that the FTC’s “conclusory, speculative and contradictory allegations do not credibly allege any facts to establish that any purported market for VR Deliberate Fitness apps is an ‘oligopolis’ in conduct or structure.”

Facebook agreed to buy Within in October 2021 for an undisclosed amount.

(Reporting by Ismail Shakil in Ottawa; Editing by Aurora Ellis)

Source link