Market Updates

ADVERTISEMENT

Events

Chain of Thoughts

FTC Files A Suit Against Meta To Prevent Their Alleged Attempt To Monopolize The Metaverse

FTC Files A Suit Against Meta To Prevent Their Alleged Attempt To Monopolize The Metaverse

Last updated on April 13th, 2026 at 07:22 pm

The United States Federal Trade Commission (FTC) has filed a lawsuit against Meta and its CEO, Mark Zuckerberg, to prevent them from allegedly owning everything related to the metaverse technology. 

According to its Press Release, the FTC claims that the lawsuit is intended to halt Meta’s plans to “acquiring Within Unlimited and its popular virtual reality dedicated fitness app, Supernatural.” 

The FTC stated in a tweet, “Meta and CEO Mark Zuckerberg are attempting illegal acquisition to expand virtual reality empire.”

The FTC believes that Zuckerberg and his company, Meta, intend to illegally purchase a “dedicated fitness app that proves the value of virtual reality to users.”

The FTC holds the opinion that Meta is refusing to compete in the market but instead prefers to buy its way to the top. 

In the press release, the FTC Bureau of Competition Deputy Director John Newman disclosed, “Instead of competing on the merits, Meta is trying to buy its way to the top. Meta already owns a best-selling virtual reality fitness app, and it had the capabilities to compete even more closely with Within’s popular Supernatural app. But Meta chose to buy market position instead of earning it on the merits. This is an illegal acquisition, and we will pursue all appropriate relief.”

The FTC announced that Meta had begun its plan to take over virtual reality and Metaverse technology by purchasing a popular headset manufacturer, Oculus VR, Inc. The agency disclosed that Meta controls “seven of the most successful virtual reality development studios, and now has one of the largest first-party virtual reality content catalogues in the world” after acquiring them from competitors. 

The FTC on Wednesday filed the complaint in the Northern District of California, claiming that Meta’s proposed acquisition of Within, a virtual reality company, and its accompanying app, Supernatural, violated US antitrust laws. 

The agency believes that as a “potential entrant in the virtual reality dedicated fitness app market,” Meta should build instead of buying off competitors. 

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

ADVERTISEMENT

Editor's Picks

ADVERTISEMENT

Spotlight

Press Releases

Popular News

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00