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Biden Administration Hit Mark Zuckerberg Badly

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On Thursday, the Biden administration accused Meta Platforms that it tried to buy their way into metaverse dominance.

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This was done to stop Facebook's parent company From Buying Within Inc.

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In July, the FTC filed a lawsuit to stop the deal. They claimed that Meta's acquisition by Within would create a monopoly on the virtual reality fitness apps market.

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It requested a judge to issue an order prohibiting the transaction.

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Abby Dennis, FTC Attorney, stated that Within acquisition was meant to attract a broader range of virtual reality users.

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Dennis said this would add to Meta's existing virtual-reality audience, which tends to be younger and more game-focused.

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Meta and Within lawyers argued that companies were competing against various fitness content rather than VR-specific apps.

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