FTC, multiple states investigating potential anticompetitive practices by VR headset maker Oculus

FTC, multiple states investigating potential anticompetitive practices by virtual reality headset maker Oculus – owned by Facebook, which recently renamed itself Meta

  • The Oculus is owned by Meta, the new company name of Zuckerberg’s Facebook and the world’s largest social media company 
  • Led by New York Attorney General Letitia James’ office, outside developers who make apps for the VR tech have been questioned as part of the inquiry 
  • Antitrust lawmakers asked developers about the possibility that Oculus is discriminating against third-parties that sell apps in competition with Meta 
  • Other subjects of discussion include Meta’s sales plan – selling its headset for well below other models at $299 – for the headset undercutting competitors 

The Federal Trade Commission and multiple states are investigating the Mark Zuckerberg-owned virtual reality…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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