'Mr. Zuckerberg has made clear that his aspiration for the VR space is control of the entire ecosystem.'
Now, however, the FTC is attempting to prevent this from happening, specifically alleging that the billionaire intends to monopolize the VR fitness space — and beyond.
"Meta seeks to exploit the network-effects dynamic in VR. Indeed, Mr. Zuckerberg has made clear that his aspiration for the VR space is control of the entire ecosystem," , which argues that Facebook could have simply attempted to compete with the tech, but chose to buy and assume greater market control instead. "The proposed acquisition of Within would be one more step along that path toward dominance."reports, the suit is unusual, but experts believe that the FTC might be attempting to set monopoly law precedents for the Metaverse Age.
"It's a riskier case, but one they think is worth bringing because if they succeed it will help the frontier of enforcement outward," William E. Kovacic, former FTC Chair, told theThe FTC's Bureau of Competition Deputy Director, John Newman, even told thethat Meta is trying to "buy its way to the top" rather than compete on merits, on grounds that the Silicon Valley bigwig had already owned a popular VR fitness app at the time of the attempted Within acquisition.
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