Meta’s Oculus Unit Faces FTC-Led Probe of Competition Practices

The U.S. Federal Trade Commission and multiple states are investigating Meta Platforms Inc.’s virtual reality unit Oculus over potential anti-competitive practices, according to people with knowledge of the matter.

The FTC and a group of states led by New York have quizzed outside developers that make Oculus apps in recent months as part of the inquiry, the people said. The officials have been scrutinizing how Meta, the world’s largest social media company, may be using its market power in the VR space to stifle competition, said the people, who asked not to be identified because the matter isn’t public. ...