Posts Tagged: moves

FTC moves to block Meta’s purchase of ‘Supernatural’ VR workout app maker Within

The Federal Trade Commission has filed an antitrust suit against Meta in a bid to block it from buying Within Unlimited, the maker of the virtual reality workout app Supernatural. The agency accused the company and its CEO Mark Zuckerberg of "planning to expand Meta’s virtual reality empire with this attempt to illegally acquire a dedicated fitness app that proves the value of virtual reality to users."

The FTC claimed that Meta is "already a key player" at every level of the VR ecosystem. It said the company has the top-selling VR device (Meta Quest 2), a leading VR app store, "seven of the most successful developers and one of the best-selling apps of all time." The latter is likely referring to Beat Saber. Meta bought the maker of that rhythm game, Beat Games, in 2019.

“Instead of competing on the merits, Meta is trying to buy its way to the top,” John Newman, deputy director of the FTC's Bureau of Competition, said in a statement. “Meta already owns a best-selling virtual reality fitness app and it had the capabilities to compete even more closely with Within’s popular Supernatural app. But Meta chose to buy market position instead of earning it on the merits. This is an illegal acquisition and we will pursue all appropriate relief.”

Meta announced its plan to buy Within last October. It was reported in December that the FTC was looking into the $ 400 million deal. Meta, of course, got into the VR market in the first place when it bought Oculus in 2014.

The FTC argues in the complaint that Meta has the resources and "reasonable probability" of entering the VR fitness market by building its own app. That approach, the agency claims, would "increase consumer choice, increase innovation, spur additional competition to attract the best employees, and yield other competitive benefits." Instead, if it were to buy Within, the FTC claims Meta would limit "future innovation and competitive rivalry" and says "that lessening of competition violates the antitrust laws."

“The FTC's case is based on ideology and speculation, not evidence. The idea that this acquisition would lead to anticompetitive outcomes in a dynamic space with as much entry and growth as online and connected fitness is simply not credible," a Meta spokesperson told Engadget in a statement. "By attacking this deal in a 3-2 vote, the FTC is sending a chilling message to anyone who wishes to innovate in VR. We are confident that our acquisition of Within will be good for people, developers and the VR space.” 

The move will come as another blow to Meta's aim to become the leading metaverse player. The company has plowed billions into the effort, though in recent months it has dialed back some of its ambitions by cutting costs and reportedly shelving plans for some devices that were supposed to hook into its metaverse. This week, the company announced that it will increase the price of a Meta Quest 2 headset by $ 100 as of August 1st. News of the FTC's move to block the Within acquisition comes on the same day that Meta will report its earnings for the second quarter of 2022.

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics

Samsung moves to update GPU drivers via the Google Play Store for faster performance tweaks

One of the best parts of the Google Play Store is the ability for OEMs to update components of their software separately from a full system update. Catch a bug in your Mail app? Just push the update to the Play Store and save the full system build for the next major update, easy. While […]

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‘PUBG’ moves beyond battle royale with War Mode

The PlayerUnknown's Battlegrounds team is now clearer about their plans to add game modes beyond the signature battle royale and zombie games. The developer has revealed that it's experimenting with a War Mode that behaves more like the conventional…
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Qualcomm and Broadcom make moves as the merger saga continues

Qualcomm and Broadcom, the world's two largest chipmakers, have been in a will-they/won't-they dance for quite awhile now in regards to a merger. Today, the companies made dueling announcements: Qualcomm brought in Jeffrey Henderson as an independent…
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Canon’s AI flash moves by itself to make portraits more flattering

Camera flashes aren't normally the sexiest products, but Canon has made its Speedlite 470EX-AI a lot more interesting by using artificial intelligence. As photographers know, you're better off bouncing a flash off a wall or ceiling to best flatter su…
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NSA surveillance expansion bill moves to House for a vote

Intelligence officials might not get the permanent surveillance powers they're looking for, but they could get some key concessions all the same. The House Intelligence Committee has passed the FISA Amendments Reauthorization Act of 2017 in a partis…
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Google hardware executive moves on after only six months

Last fall Google managed to lure David Foster away from Amazon as part of an effort by the company to enhance its hardware business. Foster had been a key player for Amazon where he led development on several devices, notably Kindle tablets and the Amazon Echo. Reporting to Rick Osterloh as a vice president of […]

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Sprint moves away from subsidized pricing, announces new iPhone leasing plan

Sprint has announced it’s moving away from carrier subsidies. As part of the new strategy, it unveiled iPhone Forever, a new smartphone leasing option for new and existing customers.

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