Meta CEO Zuckerberg takes stand in trial on deal for VR app maker Within

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

WASHINGTON/SAN JOSE : Mark Zuckerberg, Chief Executive of Facebook parent Meta Platforms, took the stand on Tuesday in a high profile trial over the future of virtual reality and the company's budding metaverse business.Zuckerberg is defending Meta's acquisition of virtual reality app developer Within.

WASHINGTON/SAN JOSE : Mark Zuckerberg, Chief Executive of Facebook parent Meta Platforms, took the stand on Tuesday in a high profile trial over the future of virtual reality and the company's budding metaverse business.The U.S.

Federal Trade Commission sued Meta in July in federal court in Northern California to stop the deal, saying its"campaign to conquer VR " began in 2014 when it acquired Oculus, a VR headset manufacturer.Within developed Supernatural, which it advertises as a"complete fitness service" with"beautiful destinations" and"workouts choreographed to the best music available.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta to delay closing Within Unlimited deal by one monthFacebook parent Meta Platforms does not expect to seal its acquisition deal with Within Unlimited, maker of the popular fitness app 'Supernatural', before Jan. 31, according to a court filing from Tuesday.Meta has agreed to push back the closing by one month or until the first day after the court rules on
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Facebook parent Meta warned by EU of breaking antitrust lawsBRUSSELS :The European Commission on Monday said it has warned Facebook parent company Meta that it is breaching EU antitrust laws by distorting competition in markets for online classified advertising and abusing its dominant position.The Commission said in a preliminary view that it would further investigat
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Facebook parent Meta warned by EU of breaking antitrust lawsThe EU competition enforcer launched an investigation into Facebook in June last year. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Bored Ape NFT startup names Activision operating chief as CEOCall of Duty maker Activision Blizzard Inc's chief operating officer Daniel Alegre will join Bored Ape NFT maker Yuga Labs as its chief executive, the metaverse startup said on Monday (Dec 19). Alegre, who has served as operating chief at the video game publisher since April 2020, will succeed Nicole Muniz as Yuga's CEO in the first half of 2023....
Source: asiaonecom - 🏆 10. / 59 Read more »

Musk actively looking for new CEO after losing poll, CNBC saysTwitter users said in a poll that Musk should step down after he said he would abide by the results. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Twitter users vote for Elon Musk to step down as CEOAbout 58% of the 17.5 million votes cast were in favour of him stepping down. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »