Zuckerberg to testify in US case against Facebook's virtual reality deal
META Platforms chief executive officer (CEO) 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.
In a court document filed with US District Court Northern District Of California on Friday (Oct 28), FTC listed 18 witnesses it plans to question, including Zuckerberg, Within CEO Chris Milk and Meta chief technology officer Andrew Bosworth.
They were also on a list of witnesses submitted on Friday by defendants Meta and Within.
In addition to defending the Within acquisition, Zuckerberg is expected to be questioned about the Facebook-parent’s strategy for its VR business, as well as the company’s plans to support third-party developers, according to the court document.
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.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Meta, in court documents, has argued that “the FTC’s conclusory, speculative, and contradictory allegations do not plausibly plead any facts to establish that any supposed market for VR Deliberate Fitness apps is ‘oligopolistic’ as to either behaviour or structure”.
Facebook agreed to buy Within in October 2021 for an undisclosed sum. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
Heritage food and high drama at The Peranakan Club
Meet the women who run one of Singapore’s most trusted hotel brands