Meta Posts First-Ever Revenue Drop for Q2, Issues Weak Q3 Guidance

In a brand new headache for Meta, the FTC announced Wednesday that it was suing to block the company’s proposed acquisition of Within Unlimited, which makes VR health app Supernatural. The company, citing Meta’s dominance in VR gadgets, alleged that “Meta and Zuckerberg are planning to develop Meta’s digital actuality empire with this try and illegally purchase a devoted health app that proves the worth of digital actuality to customers.” The FTC famous that Meta has acquired seven VR content material studios, together with the maker of the Beat Saber music game. Meta mentioned in a blog post that the FTC’s allegation that the deal was anticompetitive “in a dynamic house with as a lot entry and progress as on-line and linked health is solely not credible.”

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