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Zuckerberg to testify in U.S. case against Facebook's virtual reality deal
Meta Platforms Inc Chief Executive Officer Mark Zuckerberg will testify in a case by the Federal Trade Commission (FTC) that argues the company's proposed deal to buy virtual reality (VR) content maker Within Unlimited should be blocked. They were also on a list of witnesses submitted on Friday by defendants Meta and Within. The FTC had filed a lawsuit in July saying that Meta's acquisition of Within would "tend to create a monopoly" in the market for VR-dedicated fitness apps. The regulator argues that the proposed deal would "substantially lessen competition or tend to create a monopoly" in that market. Facebook (NASDAQ:META) agreed to buy Within in October 2021 for an undisclosed sum. Source: Investing.com #Zuckerberg
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