Bloomberg Law
Dec. 21, 2022, 2:09 AM

Zuckerberg Says at Trial Meta Wants to ‘Spur’ VR Competition (1)

Joel Rosenblatt
Joel Rosenblatt
Bloomberg News

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg says the fact his company doesn’t have a virtual reality fitness app doesn’t keep him up at night, but acquiring it would boost competition and improve such applications.

“It’s less important that we own the experiences, than they exist” he said at a trial in San Jose, California, that concluded Tuesday. “By joining us I think we can also help them be able to pioneer the category” and “spur other companies who are doing other good things in this space.”

Mark Zuckerberg departs from federal court in San Jose, Calif., on Tuesday.
Photographer: David Paul Morris/Bloomberg

Zuckerberg took the witness stand to defend his company’s acquisition of ...