Meta CEO Mark Zuckerberg takes witness stand in FTC case

Meta CEO Mark Zuckerberg takes witness stand in FTC case

a year ago
Anonymous $_PGtSJbg8h

https://apnews.com/dfb69cac6d9b59c7f23d38e21e94b06f

SAN JOSE, California (AP) — Mark Zuckerberg, the CEO of Facebook parent company Meta, took the witness stand Tuesday in the FTC’s effort to stop the tech giant from buying a virtual reality startup.

At issue is whether Meta’s acquisition of the small company that makes a VR fitness app called Supernatural will hurt competition in the emerging virtual reality market. If the deal is allowed to go through, the Federal Trade Commission argues, it would violate antitrust laws and dampen innovation, hurting consumers who may face higher prices and fewer options outside platforms controlled by Meta Platforms Inc.

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