Facebook's parent company, Meta Platforms Inc, on Thursday, October 13 asked US judges to reject a lawsuit filed by the Federal Trade Commission (FTC) which argued that Meta's proposed deal to buy reality creators, Within Unlimited, should be blocked.
"The FTC's efforts to correct its misunderstood complaint still ignore fact and law and rely on speculation of purely future hypothetical circumstances," a Meta spokesperson said last Thursday.
The FTC itself did not immediately comment on it, but filed a lawsuit in July saying that Meta's acquisition of Within would "float to create a monopoly" in the market for virtual reality-only fitness apps.
The FTC, which filed an amended complaint earlier this month, focused on the virtual reality-only practice app market and Within's way, which is only available on the VR Meta device.
They argue that the proposed deal would "substantially reduce competition or tend to create a monopoly" on the market.
Mosi Meta said "conclusive, speculative, and contradictory accusations of the FTC do not plausibly state any fact to establish that the market that should be for the VR Deliberate Fitness app is 'oligopolistic' either for its behavior or structure."
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