FTC files lawsuit against Meta over attempted monopolisation of metaverse
FTC had earlier filed another lawsuit against Meta for attempting to monopolise the social media
By Shashank Bhardwaj
The Federal Trade Commission (FTC) filed a lawsuit against Meta and its CEO Mark Zuckerberg in the Northern District of Carolina. According to the agency, this move is taken against Meta, suspecting its motives to crush any competition in the virtual reality market.
This move is similar to what was seen in 2020 when the FTC filed a complaint against Facebook for its acquisition of Instagram and Whatsapp as a clear attempt to own the competition in the social media market.
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