FTC Lawsuit Compels Meta to Suspend its Acquisition of ‘Within’

Meta Platforms, Inc. (‘Meta’) has suspended the acquisition of Within Inc. (‘Within’), a Virtual Reality (‘VR’) experience & product developing company, due to a Federal Trade Commission (‘FTC’) lawsuit to block the $400 Million acquisition by Meta to expand Meta’s VR empire. In the past 10 years, Meta (previously Facebook Inc.) has acquired over 100 smaller firms. Deputy Director of FTC Bureau of Competition said “instead of competing on the merits, Meta is trying to buy its way to the top.”