A judge may soon decide the future of the metaverse, with significant implications for virtual reality (VR) users.
| Channel | Publish Date | Thumbnail & View Count | Actions |
|---|---|---|---|
 | Publish Date not found |  0 Views |
The Metaverse Explained – And What Comes Next | Insider trading
The Federal Trade Commission is suing to block Meta from acquiring Within, the maker of virtual reality fitness apps. The government argues that allowing Meta's purchase would create a monopoly, and experts say the outcome of the trial could determine who dominates the metaverse for years to come.
"If Meta is stopped from continuing its buying spree, it means the playing field for the VR industry will be leveled," Eric Alexander, founder of Soundscape VR, an entertainment platform based in the metaverse, told Lifewire in an email interview. "This will benefit all players in the VR space (except Zuckerberg). For consumers, developers, for smaller VR companies, stopping Meta's VR acquisition will stimulate growth and creativity in VR development and prevent Meta from stifling innovation."
The FTC is suing to stop Meta's acquisition of Within on the grounds that it "tends to create a monopoly" in the VR fitness app market. It has asked a judge to order a preliminary injunction to stop the proposed transaction.
