FTC sues Meta to block acquisition of VR fitness app

The FTC filed an injunction today to block Meta’s acquisition of the virtual reality studio Within, which is best known more recently for its subscription VR workout app Supernatural.
The regulatory body has had plenty of skirmishes with Facebook, now Meta, in recent years, but this is a pretty aggressive signal from the agency that they’re going to make M&A hell for Meta going forward.
“Meta could have chosen to try to compete,” the FTC said in its lawsuit. “instead, Meta decided it preferred to simply buy” the startup; “[t]hat lessening of rivalry may yield multip

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