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The FTC’s Challenge To Meta’s Acquisition Of A VR Fitness Company Hurts Innovation And Competition

Earlier this week, Lina Khan’s FTC demonstrated simply how little they perceive about innovation and competitors. In court docket, the company argued that Meta’s acquisition of Inside Limitless, the maker of digital actuality health software program, would create a monopoly by eliminating competitors for digital actuality health purposes. Within the FTC’s phrases the acquisition might “yield a number of dangerous outcomes, together with much less innovation, decrease high quality, increased costs, much less incentive to draw and preserve staff, and fewer shopper alternative.” Solely bureaucrats who’ve by no means labored in or invested in a startup might come to such a conclusion.

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