FTC Sues Facebook Over Alleged Monopolization – What it Could Mean for Oculus
Road to VR
DECEMBER 9, 2020
The United States Federal Trade Commission today announced it has filed a lawsuit with the Washington, D.C. US District Court alleging anticompetitive practices that constitute an illegal monopoly on “personal social networking.” The Commission is seeking a remedy which includes spinning out Instagram and WhatsApp. Oculus, the company’s XR organization, is not directly mentioned in the suit, but it’s clear that the case’s outcome would have wide ranging repercussion
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