Meta’s VR Unit Faces Probe by FTC and Three U.S. States — Report
January 17 2022 - 06:07AM
TipRanks
According to a report published by Bloomberg, Meta Platform’s
(NASDAQ: FB) virtual reality (VR) unit, Oculus, is being
investigated by the U.S. Federal Trade Commission and three U.S.
states, New York, Tennessee and North Carolina, on the grounds of
potential anti-competitive practices, i.e., to assess if the
company is taking undue advantage of its market share. The
regulators are in talks with developers outside the company who are
involved in making apps for Meta’s VR. Notably, the enquirers are
interested to know how Meta is able to sell Oculus VR headsets at
prices much below its competitors.
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