Regulators are concerned that Meta violated competition rules with its VR products.
It seems that Oculus is gone but not forgotten—especially among the group of regulators that are reportedly investigating Meta’s virtual reality division over potential antitrust violations. Facebook acquired Oculus in March 2014 in a deal worth roughly $2 billion. Oculus then went on to release numerous headsets—including the Oculus Rift, Rift S, Quest, Go, and Quest 2 —before Facebook said it would stop using the Oculus name after it rebranded itself as Meta. Bloomberg now reports that the Federal Trade Commission (FTC) is leading a group of state regulators as they « have been scrutinizing how Meta, the world’s largest social media company, may be using its market power in the VR space to stifle competition » over the last few months.
