Zuckerberg assures the US that he will not buy a virtual reality company on one condition

The CEO of Goal, mark zuckerbergpromised this Tuesday with the Government of USA not to acquire individually the signature of virtual reality (RV) 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) revealed the agreement with Zuckerbergfor which this promises not to buy Within nor its Supernatural fitness app.

LOOK HERE: Russia sanctions 29 Americans, including Kamala Harris and Mark Zuckerberg, creator of Facebook

The FTC lawsuit 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 Meta’s acquisition of Within.

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

He added that this loss of competition could throw “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 called this acquisition “illegal” and noted that Goal could have chosen to compete with Within with their own virtual reality fitness apps.

MORE INFORMATION: The fortune of the 10 richest people in the world grew like never before during the pandemic while the rest got poorer

“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”warned the regulator.

The antitrust lawsuit was filed against Goalits CEO, mark zuckerbergY Within.

We would like to give thanks to the writer of this short article for this amazing material

Zuckerberg assures the US that he will not buy a virtual reality company on one condition