The Biden administration’s battle against big tech is expanding into the metaverse.
Meta agreed to stall its acquisition of a fitness app because the Biden administration is concerned that the social media titan has become a “virtual reality empire.”
Meta, the parent company of Facebook and Instagram, sought to acquire Supernatural, a virtual reality fitness app from Within Unlimited. The Federal Trade Commission objected and sought to block the acquisition in federal court last month.
Meta agreed to a temporary restraining order halting its acquisition until either Dec. 31, or the first business day after a federal judge rules on the FTC’s case, depending on which occurs first, according to a new court filing.
The Biden administration’s efforts to prevent Meta from growing its virtual reality business strike at the heart of the tech company’s new focus shifting away from social media.
Facebook reorganized as Meta last year, and its CEO Mark Zuckerberg