FTC drops Mark Zuckerberg from lawsuit seeking to block Meta’s latest VR acquisition
Written by ABC Audio All Rights Reserved on August 25, 2022
Meta declined to comment for this story.
Meta had asked the FTC to remove Zuckerberg from the case, according to a person familiar with the matter. It is not clear whether Meta had proposed the new commitment for Zuckerberg, or if the FTC had sought the condition.
The closely watched lawsuit is a both a bellwether for Meta as it seeks to pivot significantly into the virtual reality space — which Zuckerberg and others have sought to re-brand as “the metaverse” — as well as the FTC, which in bringing the suit is attempting to showcase the potential future harms companies may inflict on competition in new and emerging industries.
— to www.cnn.com
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