Zuckerberg testifies in US case against Facebook virtual reality deal

Oct 28 (Reuters) – Meta Platforms Inc (META.O) CEO Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues that the company’s proposed deal to buy a virtual reality (VR) content maker should be blocked under Unlimited.

In a court document filed with the North American District Court in California on Friday, the Federal Trade Commission listed 18 witnesses it plans to question, including Zuckerberg, CEO Chris Milk and Meta Technology Director Andrew Bosworth.

They were also on the witness list given on Friday by the two accused dead and inside.

In addition to defending the internal acquisition, Zuckerberg is expected to be questioned about Facebook’s parent company’s strategy for its virtual reality business, as well as the company’s plans to support third-party developers, according to the court document.

The Federal Trade Commission (FTC) filed a lawsuit in July saying that Meta’s acquisition of “Inside” would tend to “create a monopoly” in the market for virtual reality fitness apps.

The regulator argues that the proposed transaction would “significantly reduce competition or tend to create a monopoly” in that market. Read more

Meta, in court documents, argued that “the FTC’s deductive, speculative, and contradictory claims do not reasonably defend any facts to establish that any purported market for VR Deliberate Fitness applications is an ‘oligopoly’ with respect to behavior or structure.” Read more

Facebook agreed to purchase within October 2021 for an undisclosed amount.

(Ismail Shakeel reports in Ottawa). Edited by Aurora Ellis

Our criteria: Thomson Reuters Trust Principles.

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