Posts Tagged: purchase

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

Nokia 4.2 with Android One is now available to purchase in the US and UK

If you are in the market for a mid-range handset at an affordable price with the promise of solid hardware with regular software updates, the Nokia 4.2 could be just what you need. Boasting mid-range specifications, a good-sized battery, a dual-rear camera setup, the Nokia 4.2 comes in at $ 189 in the US, and £149 […]

Come comment on this article: Nokia 4.2 with Android One is now available to purchase in the US and UK

Visit TalkAndroid


TalkAndroid

Amazon’s latest massive purchase is the mesh network company Eero

Eero was one of the first companies to dive into mesh networking, and they’ve consistently delivered some killer products. But like all tech companies and startups, the main goal for these smaller players is to eventually get scooped up by a bigger fish, and that’s where Eero is going next. Amazon has announced that they’ll […]

Come comment on this article: Amazon’s latest massive purchase is the mesh network company Eero

Visit TalkAndroid


TalkAndroid

Spotify is reportedly in talks for a $200 million podcast purchase

Spotify is reportedly looking to sink big money into podcasts. According to Recode and The Wall Street Journal, the music streaming company is currently in talks to acquire podcasting giant Gimlet Media for over $ 200 million. If Spotify manages to fi…
Engadget RSS Feed

Google’s Jamboard for group collaboration is now available for purchase

Google wants to help solve your collaboration issues, and they’re going to do with Jamboard, a gigantic whiteboard with a ton of cloud integration. It features a 55-inch screen that can be drawn and worked on, and its team-focused feature set makes it easy to sync things up for multiple people in a group. This device […]

Come comment on this article: Google’s Jamboard for group collaboration is now available for purchase

Visit TalkAndroid


TalkAndroid

The eyes have it: Samsung Pay will let you purchase items using your retina

The latest update to Samsung Pay allows consumers to pay with nothing more than your retina (that is to say, your eye). But there’s a catch — this feature only works if you have a Galaxy Note 7.

The post The eyes have it: Samsung Pay will let you purchase items using your retina appeared first on Digital Trends.

Android Army–Digital Trends

T-Mobile will offer goodies with the purchase of an HTC 10

T-Mobile is convincing consumers to buy the new HTC 10 on its wireless service. For a limited time, T-Mobile will give freebies away to those who purchase the device and sign up. HTC is relying on its new flagship smartphone to bring in some much-needed profit. T-Mobile is hoping to boost sales with a new […]

Come comment on this article: T-Mobile will offer goodies with the purchase of an HTC 10

Visit TalkAndroid


Android News, Rumours, and Updates

BlackBerry will throw in $100 worth of accessories for free with your Priv purchase

BlackBerry is sweetening the deal on its pricey new Priv mobile phone with the BlackBerry Priv bundle, which includes $ 100 of free accessories.

The post BlackBerry will throw in $ 100 worth of accessories for free with your Priv purchase appeared first on Digital Trends.

Android Army–Digital Trends

Google is lowering its minimum purchase price for Play Store apps

Google’s Alistair Pott, a Google Play product manager, made a bold announcement in the Android Developers Blog — “Minimum purchase price for apps and in-app products reduced on Google Play,” the headline reads.

The post Google is lowering its minimum purchase price for Play Store apps appeared first on Digital Trends.

Android Army»Digital Trends