Shulou(Shulou.com)11/24 Report--

According to news in the afternoon of August 24, Beijing time, the US Federal Trade Commission (FTC) said today that it had removed Mark Zuckerberg (Mark Zuckerberg), the parent company of Facebook, from an antitrust lawsuit. The lawsuit is aimed at preventing Meta from acquiring Within Unlimited, a virtual reality start-up.

In June, FTC filed a lawsuit in District Court for the Northern District of California to block Meta and Zuckerberg from acquiring Within Unlimited, which runs a VR fitness app called Supernatural. FTC believes that the acquisition will give Meta an illegal dominant position in the VR market. At the time, FTC also named Zuckerberg as a defendant.

But today (Tuesday, local time), FTC said in a court filing that FTC agreed to remove Zuckerberg from the list of defendants after Meta promised that Zuckerberg would not buy Within Unlimited personally. Meta had previously asked FTC to remove Zuckerberg from the list of defendants.

The lawsuit is seen by many legal experts as an ambitious goal for FTC because it involves an M & A deal in an emerging market with many start-ups. At the same time, the lawsuit is part of a new strategy of Lina Khan, FTC chairman, to be more forward-looking in antitrust enforcement.

Khan said she plans to prevent some of the biggest technology platforms from extending their dominance to emerging markets, such as VR. Khan also admitted that FTC had failed to predict the problem of mergers between technology companies. For example, FTC approved Facebook's acquisition of Instagram in 2012, a deal that further turned Facebook into a social media giant.

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