Meta Platforms is being probed by FTC over VR deal

Seeking Alpha2021-12-17

Meta Platforms(NASDAQ:FB)is under renewed scrutiny from the Federal Trade Commission, as it looks into its $400 million deal for VR fitness app Supernatural, a move that could slow the completion of ...

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Comments

LEESIMON
2021-12-18
LEESIMON
For those who don't like Meta Platform,then don't use whatsapp as well
HHTan
2021-12-18
HHTan
Please like
onglaihuat
2021-12-18
onglaihuat
G
KDL
2021-12-18
KDL
Sometimes I feel bad for Meta. They are still the punching bag for everything...
- onglaihuat:
  g
Chris_CHRIS
2021-12-18
Chris_CHRIS
Ohhhh
cmg76
2021-12-17
cmg76
Yes

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The company's first five virtual reality acquisitions were not questioned by the FTC, but the Supernatural acquisition is getting another look, as the FTC, under Chairman Lina Khan, wants to make sure Meta (FB) and other large tech companies do not harm the next computing platforms by buying companies that could become rivals.\nMeta's (FB) most notable acquisition in the VR space was its 2014 purchase of Oculus for $2 billion and since then, it has become one of the most dominant VR device makers.\nKhan and the FTC could look into whether Meta (FB) was going to develop a fitness app that would compete with Supernatural, the news outlet added. However Meta and Facebook did not previously expect fitness to be important for virtual reality, as it has surged in popularity following the launch of the Oculus Quest in 2019 and during the pandemic.\nMeta views Supernatural as competing with other fitness companies and equipment such as Peloton(NASDAQ:PTON), Mirror(NASDAQ:LULU)and Tonal, The Information added.\nSeeking Alpha has reached out to the FTC, Meta Platforms (FB) and Within, the maker of Supernatural, with a request for comment.\nAccording to IDC, Facebook (FB) helped grow the VR device market in the second-quarter to 2.2 million units, up 136.4% year-over-year. It expects the VR market to end with 8.4 million units sold by the end of the year and 26.7 million by 2025, an annual growth rate of 36%. IDC also estimates that Oculus accounts for 75% of the VR headset market, making it the dominant platform in the space.\nOn Thursday, it was reported that Meta Platforms (FB) is likely to gain approval from the European Union - with conditions - for its acquisition of Kustomer. The acquisition would be allowed after it allowed for remedies allowing rival products to function alongside Kustomer's, according to Reuters.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":699283248,"gmtCreate":1639810094315,"gmtModify":1676532363100,"author":{"id":"3579044609497336","authorId":"3579044609497336","name":"LEESIMON","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3579044609497336","authorIdStr":"3579044609497336"},"htmlText":"For those who don't like Meta Platform,then don't use whatsapp as well&nbsp;","listText":"For those who don't like Meta Platform,then don't use whatsapp as well&nbsp;","text":"For those who don't like Meta Platform,then don't use whatsapp as well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/699283248","repostId":1135849093,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":9000390946,"gmtCreate":1639806383284,"gmtModify":1676533494829,"author":{"id":"3582782817523238","authorId":"3582782817523238","name":"HHTan","avatar":"https://static.tigerbbs.com/c8134085c63f43886300c1e18d3ab40c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582782817523238","authorIdStr":"3582782817523238"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000390946","repostId":1135849093,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":699239861,"gmtCreate":1639804256555,"gmtModify":1676532362515,"author":{"id":"3585648549833646","authorId":"3585648549833646","name":"onglaihuat","avatar":"https://static.tigerbbs.com/8beed4d730329353a71b58a536060ca8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585648549833646","authorIdStr":"3585648549833646"},"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/699239861","repostId":1135849093,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":699292980,"gmtCreate":1639803172765,"gmtModify":1676532362439,"author":{"id":"3555537259700212","authorId":"3555537259700212","name":"KDL","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3555537259700212","authorIdStr":"3555537259700212"},"htmlText":"Sometimes I feel bad for Meta. They are still the punching bag for everything...","listText":"Sometimes I feel bad for Meta. They are still the punching bag for everything...","text":"Sometimes I feel bad for Meta. They are still the punching bag for everything...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/699292980","repostId":1135849093,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7032879,"gmtCreate":1639804252335,"gmtModify":1663238856741,"authorId":3585648549833646,"author":{"id":3585648549833646,"idStr":"3585648549833646","authorId":3585648549833646,"name":"onglaihuat","avatar":"https://static.tigerbbs.com/8beed4d730329353a71b58a536060ca8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":699292980,"type":1,"supId":0,"prevId":0,"content":"g","text":"g","html":"g"}],"langContent":"CN"},{"id":699172360,"gmtCreate":1639761790443,"gmtModify":1676532356696,"author":{"id":"4097664093197460","authorId":"4097664093197460","name":"Chris_CHRIS","avatar":"https://static.tigerbbs.com/99bfc11e3279b5ee45705492228a37ee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4097664093197460","authorIdStr":"4097664093197460"},"htmlText":"Ohhhh","listText":"Ohhhh","text":"Ohhhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/699172360","repostId":1135849093,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":699391471,"gmtCreate":1639746517152,"gmtModify":1676532351506,"author":{"id":"3581589405041654","authorId":"3581589405041654","name":"cmg76","avatar":"https://static.tigerbbs.com/7bce68ec0cb45bf31e79e66a7fa376ad","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581589405041654","authorIdStr":"3581589405041654"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/699391471","repostId":1135849093,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":63,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135849093"}