Mark Zuckerberg agrees with the US government not to buy an VR company

USA.- Meta CEO Mark Zuckerbergpromised this Tuesday with the United States Government not to individually acquire the virtual reality (VR) firm Within, in exchange for the Administration withdrawing him from a lawsuit in which he appeared as a defendant.

In a statement, the Federal Trade Commission (FTC, for its acronym in English) disclosed the agreement with Zuckerbergwhereby he promises not to buy Within or its Supernatural fitness app.

The demand of the FTC against Meta (until last October known as Facebook) is maintained, but it will no longer appear in this Zuckerberg as a personal defendant.

On July 27, the US government filed an antitrust lawsuit to block the acquisition by Within’s Goal.

In your request, the FTC He argued that the acquisition of Within by Meta“one of the largest technology companies in the world”, “would substantially reduce competition or tend to create a monopoly”.

He added that such loss of competition could have “harmful results, such as less innovation, lower quality, higher prices, fewer incentives to attract and keep employees, and fewer choices for the consumer.”

The FTC branded this acquisition as “illegal” and pointed out that Goal it could have chosen to compete with Within with its own virtual reality fitness apps.

“If you can go ahead with this proposed acquisition of Withinthe merger would present a reasonable probability of less substantial competition in the market for virtual reality fitness apps, ”the regulator warned.

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Mark Zuckerberg agrees with the US government not to buy an VR company