FTC asks judge to halt Meta's acquistion of VR biz Within

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Now another Meta acquisition in jeopardy: VR biz Within

"That lessening of rivalry may yield multiple harmful outcomes, including less innovation, lower quality, higher prices, less incentive to attract and keep employees, and less consumer choice."

"By attacking this deal in a 3-2 vote, the FTC is sending a chilling message to anyone who wishes to innovate in VR. We are confident that our acquisition of Within will be good for people, developers and the VR space." Net income was $6.68 billion, a 36 percent dive from $10.39 billion in Q2 2021. Costs and expenses, we note, were up 22 percent, year on year.

 

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