FTC puts Zuckerberg on the stand over Meta’s plan to acquire Within
https://techcrunch.com/2022/12/20/ftc-puts-zuckerberg-on-the-stand-over-metas-plan-to-acquire-within/
Meta founder and CEO Mark Zuckerberg took the stand on Tuesday in a hearing about Meta’s acquisition of Within, the VR company that makes the fitness app Supernatural. In July, the Federal Trade Commission (FTC) sued Meta in an attempt to block the deal, which the government agency alleges is anti-competitive.
The hearing comes at a tenuous time in Meta’s corporate history. As Meta struggles to realize its dreams of bringing VR into the mainstream, its corporate stock is plummeting while the company recovers from a layoff of 11,000 people, or 13% of its workforce.
FTC puts Zuckerberg on the stand over Meta’s plan to acquire Within
Dec 20, 2022, 9:29pm UTC
https://techcrunch.com/2022/12/20/ftc-puts-zuckerberg-on-the-stand-over-metas-plan-to-acquire-within/
> Meta founder and CEO Mark Zuckerberg took the stand on Tuesday in a hearing about Meta’s acquisition of Within, the VR company that makes the fitness app Supernatural. In July, the Federal Trade Commission (FTC) sued Meta in an attempt to block the deal, which the government agency alleges is anti-competitive.
> The hearing comes at a tenuous time in Meta’s corporate history. As Meta struggles to realize its dreams of bringing VR into the mainstream, its corporate stock is plummeting while the company recovers from a layoff of 11,000 people, or 13% of its workforce.