Big Law

Zuckerberg Takes the Stand in FTC Case Regarding Meta Acquisition of VR Startup

Meta Platforms Inc boss Mark Zuckerberg defended his acquisition of a virtual reality fitness app to an antitrust judge on Tuesday, arguing that his company was helping to build a nascent virtual reality industry, not dominate it.

Zuckerberg testified in federal court in San Jose, California, that owning app maker Within Unlimited was “not that critical” to Meta’s ambitions, saying he primarily aimed to build communications tools and a platform for apps from different developers.

On fitness apps, he said, “it’s less important that we own the experiences than that they exist.” He said he was keen to see other firms build key productivity and gaming apps to draw a mass audience to virtual and augmented reality.

Read the source article at finance.yahoo.com

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