The real problem with Meta’s VR monopoly won’t be solved by the FTC suit

Admin, Thursday, August 11, 2022
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Last week was a tough one for Meta. Among the news for another quarter of lower-than-expected revenue is the possibility of a drop in Meta Quest 2 sales, thanks to a new price hike for the headset. As of August 1, Quest 2 will be $100 more expensive. If things don’t look like they could get any worse, Meta is now facing a lawsuit from the FTC, claiming it created a monopoly on VR fitness apps.

But the FTC misses the forest for the trees in this suit (Opens in a new tab) which states, in essence, that Meta cannot legally acquire two companies that make the most popular VR fitness games (Opens in a new tab). Those are Beat Games — makers of the ever-popular Beat Saber, which Meta bought years ago — and the announcement last October of the acquisition of Inside, the company that makes the fitness-focused game Supernatural.

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