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VR Business By Meta Under Probe From FTC For Violations

The FTC believes that Meta is applying competition suppression tactics in its VR-based platform, the Metaverse.

VR Business By Meta Under Probe From FTC For Violations

The Federal Trade Commission had earlier filed an antirust violation lawsuit against Meta, erstwhile Facebook. As per reports, the agency will now begin a probe into the VR segment of the social media giant. The primary charges for which the probe will be taking place are anti-competitive practices being used on the Metaverse platform. Attorney general from multiple states will also be joining the probe alongside the FTC.

The FTC believes that Meta is applying competition suppression tactics in its VR-based platform, the Metaverse. Additionally, the VR headsets from Meta are subsidized, and the pricing policy will be under probe as well. It is expected that based on the findings by the FTC, the antirust violation case against Meta will be updated. The FTC has set up a strong team to carry out the probe.

This is not the first time that FTC has chosen to bring Meta under their watch. A VR fitness app named Supernatural was acquired by Meta, and this process was probed by the FTC as well. Meta has tried to work their way around the antitrust violation case against them; however, the FTC does not have any plans on going easy on them. The court is currently looking into the case and will pass judgment soon and the FTC claims they have enough evidence.

Since VR-based social media is bound to be the next big thing, this case will probably pass a landmark judgment. The laws that will be formed will define the VR online space henceforth. Additionally, more VR-based platforms are also entering the marketplace. This case will also define what these platforms will look like in the near future. Facebook, now named Meta, has been having a tough few years regarding compliance.

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