Fb’s VR Oculus enterprise probed by U.S. states By Reuters


©Reuters. FILE PHOTO: A woman holds a smartphone with a Facebook logo in front of a displayed new Facebook rebranding logo meta in this illustration image taken on October 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

By Diane Bartz and Elizabeth Culliford

WASHINGTON (Reuters) – Several states have begun investigating possible violations of how Facebook (NASDAQ:), now known as Meta Platforms Inc, operates its virtual reality Oculus business, according to three sources familiar with the matter.

Two of the sources said the US Federal Trade Commission was also involved in the antitrust investigation. Meta did not immediately respond to a request for comment.

New York, North Carolina and Tennessee were among the states involved in the investigation, a source said. A group of nearly 50 states also petitioned an appeals court on Friday to reinstate its antitrust lawsuit filed against Facebook in December 2020.

The investigations into Facebook’s Oculus business are part of a larger investigation, one of the sources said.

The offices of the Attorneys General of New York, North Carolina and Tennessee did not immediately respond to requests for comment.

The investigation was first reported by Bloomberg News.

Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are provided by market makers rather than exchanges and as such prices may not be accurate and may vary from actual market price meaning prices are indicative and not for trading purposes are suitable. Therefore, Fusion Media accepts no responsibility for any trading loss that you may incur as a result of using this data.

Fusion Media or anyone associated with Fusion Media shall not be liable for any loss or damage arising out of reliance on any information, including data, quotes, charts and buy/sell signals, contained on this website. Please educate yourself fully about the risks and costs associated with trading the financial markets as this is one of the riskiest forms of investment of all.

You might also like

Leave A Reply

Your email address will not be published.