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Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

FTC opens antitrust probe into Meta’s purchase of VR fitness app

  • By Al Mayadeen Net
  • Source: Agencies
  • 18 Dec 2021 16:01
2 Min Read

This is Meta's (formerly known as Facebook) first Virtual Reality deal to be the subject of an anti-trust investigation.

  • x
  • Supernatural, developed by Within, was used with the Oculus Quest VR headsets
    Supernatural, developed by Within, was used with the Oculus Quest VR headsets

The US Federal Trade Commission (FTC) has opened an anti-trust investigation into Meta’s plan to buy the VR fitness app Supernatural.

The probe means that antitrust regulators are starting to scrutinize Meta's interest in buying out VR startups, going beyond social media acquisitions.

According to Josh Sisco from The Information, Meta’s previous five VR deals weren't investigated by the government because of their small purchase prices. “But those regulators are slowing down the $400 million-plus Supernatural deal, according to two people with knowledge of the situation."

The FTC is currently suing Meta and is trying to unwind the acquisitions of Instagram and WhatsApp.

It’s unclear what criteria the watchdog is using to evaluate the VR deal. VR is a new, but fast-growing industry. Third-party estimates say that Meta has a majority market share of the market, mostly due to the early success of its Quest 2 headset.

While the FTC might eventually approve the Supernatural deal, its decision to launch the probe shows that Meta’s play of quickly buying budding VR startups to add them to its platform may be in need of drastic change.

  • FTC
  • Meta
  • Facebook
  • Virtual Reality
  • VR technology
  • Supernatural
  • Fitness

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