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The FTC’s silver lining in Meta court victory to acquire VR app developer Within
28 February 2023 00:00
On paper, Meta won its court case against the US Federal Trade Commission fair and square, allowing it to acquire Within, a software company that develops apps for virtual-reality devices. Yet the outcome could have been worse for the US antitrust enforcer: Meta failed in its attempt to convince the judge that the FTC had used “dead letter” law; the tech giant also fell short in its claim that the relevant market for VR fitness apps was particularly competitive. Yet the FTC’s failure to provide evidence to prove the counterfactual — that Meta’s “Operation Twinkie” would have seen the company develop its own VR fitness app — is likely to prompt some soul-searching.
06 February 2023 23:21 by Michael ActonMeta and Within won their federal court case against the US Federal Trade Commission.
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Michael Acton Senior Correspondent
Michael is a senior correspondent for MLex in San Francisco, where he moved in 2020 after working in our Brussels bureau. Before joining MLex, he reported on EU politics as the Financial Times’ Nico Colchester Fellow in Brussels. Michael has a degree in International Relations and Politics from the University of Cambridge, and a degree in History and French from University College London and Paris IV Sorbonne.