Meta's Oculus facing FTC/state probe into antitrust - Bloomberg
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Meta Platforms (FB
+1.1%) - and its Oculus virtual reality unit - are the next big targets in the Federal Trade Commission's antitrust crosshairs, Bloomberg reports.
The FTC and multiple states are investigating Oculus over potential anticompetitive action, and have reached out to application developers for Oculus' virtual-reality hardware for information.

The agency is seeking to explore how Meta may be using market power in the VR space to stifle competition - in particular whether the Oculus app store might be discriminating against third parties selling apps that compete with Meta's software.
The inquiry also includes a probe into sales practices and pricing for the Quest 2 headset, at $299 notably less expensive than many rival models, according to the report.
Also in hot virtual-reality news today, Apple is reportedly considering a delay in its own headset, a device that Evercore says will provide a big positive catalyst when launched.