FTC Sues Meta to Block Takeover of Fitness App Maker Within (2)

The US Federal Trade Commission sued to block Meta Platforms Inc. from acquiring virtual reality company Within Unlimited, saying the transaction would allow the social network to dominate the burgeoning virtual reality space.

The FTC said the acquisition of Within, which develops apps for VR devices, including the popular fitness app Supernatural, would “tend to create a monopoly,” according to the complaint, which was filed in federal court in San Francisco Wednesday.

Meta has made a number of acquisitions, most of them small, to bolster its offering in virtual and augmented reality. Chief Executive Officer Mark Zuckerberg believes that in ...