{"id":330632,"date":"2022-12-24T12:30:42","date_gmt":"2022-12-24T17:30:42","guid":{"rendered":"https:\/\/www.sgtreport.com\/?p=330632"},"modified":"2022-12-23T08:06:25","modified_gmt":"2022-12-23T13:06:25","slug":"zuckerberg-claims-he-doesnt-want-to-own-user-experiences-denies-that-meta-is-creating-vr-monopoly","status":"publish","type":"post","link":"https:\/\/www.sgtreport.com\/2022\/12\/zuckerberg-claims-he-doesnt-want-to-own-user-experiences-denies-that-meta-is-creating-vr-monopoly\/","title":{"rendered":"Zuckerberg Claims He Doesn\u2019t Want to \u2018Own\u2019 User Experiences, Denies That Meta is Creating VR Monopoly"},"content":{"rendered":"

from 21st Century Wire<\/a>:<\/em><\/p>\n

\"\"<\/p>\n

The battle for domination in the\u00a0New Matrix<\/em>\u00a0of virtual reality \u2013 is now well and truly on. At the center of this clash of titans is Facebook mogul Mark Zuckerberg, who is being accused of trying to leverage a monopoly over the new virtual digital world.<\/strong><\/p>\n

Earlier this month, the Biden Administration accused Meta Platforms Inc\u00a0(META.O)<\/a>\u00a0of trying to buy -up the entire\u00a0metaverse<\/a>, and in the process, kicking off a massive antitrust trial which could draw the borders of this new and lucrative digital real estate. This led to Washington\u2019s FTC suing in July to stop Meta from swallowing up virtual reality app developer Within Inc. This is just one of numerous mergers and acquisitions on the planning board for the rapidly growing Zuckerberg VR empire.<\/p>\n

TRUTH LIVES on at\u00a0https:\/\/sgtreport.tv\/<\/a><\/p>\n

But other, more fundamental questions are also emerging from this conundrum: do you own your own virtual experiences, or does Zuckerberg?<\/em><\/p>\n

The Blaze<\/strong><\/a>\u00a0reports\u2026<\/em><\/p>\n

Meta Platforms Inc. CEO Mark Zuckerberg said that \u201cit\u2019s less important that [Meta] own[s] the experiences than they exist\u201d during a trial with the Federal Trade Commission, which seeks to put a stop to the acquisition of a virtual reality fitness app out of fear Meta would acquire a monopoly in the VR space.<\/strong><\/p>\n

As reported by\u00a0Yahoo News<\/a>, Meta is looking to buy Within Unlimited Inc., a company that created a popular VR fitness app called\u00a0Supernatural<\/a>. Zuckerberg testified that he does not believe the acquisition would give his company an unfair advantage, rather that it would make the virtual reality space more competitive.<\/p>\n

\u201cBy joining us I think we can also help them be able to pioneer the category\u201d and \u201cspur other companies who are doing other good things in this space,\u201d Zuckerberg said.<\/p>\n

Meta believes that purchasing the company will improve the \u201cfitness mission\u201d of virtual reality in terms of consumer availability. The tech giant also argues that it is important not to delay such an acquisition, as being bought out is a goal many entrepreneurs have, and a lengthy process would discourage people from starting businesses.<\/p>\n

\u201cIf those opportunities weren\u2019t available, a lot fewer people would take the risk,\u201d said Mark Hansen, lawyer for Meta.<\/p>\n

The FTC sued Meta in July 2022, a preemptive move seeking to stop a monopoly from being created. According to FTC lawyer Abby Dennis, Meta has purchased a total of nine VR studios in the last three years, three of which were purchased after Meta announced it would buy Within Unlimited.<\/p>\n

\u201cThe deal is dead only if Meta wants it to be,\u201d Dennis claimed, rejecting the idea that \u201cthe FTC should not be able to challenge any action because challenges take time.\u201d<\/p>\n

Meta\u2019s lawyer says the company can\u2019t wait around for another couple of years before buying this company while the government engages in such a long administrative process. Hansen also feels there is no substantive case against Meta.<\/p>\n

\u201cThe FTC has no case,\u201d Hansen says. \u201cNo court has accepted these theories for decades, even with better facts.\u201d<\/p>\n

When asked if platforms and apps have generally \u201cgone together\u201d in the past, Zuckerberg said \u201cthe apps tend to hold the platform together rather than the other way around.\u201d<\/p>\n

Read More @ 21stCenturyWire.com<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

from 21st Century Wire: The battle for domination in the\u00a0New Matrix\u00a0of virtual reality \u2013 is now well and truly on. At the center of this clash of titans is Facebook mogul Mark Zuckerberg, who is being accused of trying to leverage a monopoly over the new virtual digital world. Earlier this month, the Biden Administration […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[144970,144969],"_links":{"self":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/330632"}],"collection":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/comments?post=330632"}],"version-history":[{"count":0,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/posts\/330632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/media?parent=330632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/categories?post=330632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sgtreport.com\/wp-json\/wp\/v2\/tags?post=330632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}