Zuckerberg Says No VR Fitness App at Meta Doesn’t Keep Him up at Night
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talking about Elon Musk,
Zuckerberg Says No VR Fitness App at Meta Doesn’t Keep Him up at Night
(Bloomberg) -- Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg says the fact his company doesn’t have a virtual reality fitness app doesn’t keep him up at night, but acquiring it would boost competition and improve such applications.
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“It’s less important that we own the experiences, than they exist” he said at a trial in San Jose, California, that concluded Tuesday. “By joining us I think we can also help them be able to pioneer the category” and “spur other companies who are doing other good things in this space.”
Zuckerberg took the witness stand to defend his company’s acquisition of virtual reality startup Within Unlimited Inc. against a Federal Trade Commission antitrust suit. His testimony Tuesday is part of Meta’s push to defeat the lawsuit seeking to block the company from acquiring the maker of Supernatural — a popular VR fitness app. Zuckerberg’s testimony follows that of Meta’s Chief Technology Officer Andrew Bosworth a day earlier.
The Federal Trade Commission claims Meta’s plan to buy the competitor will give it an unfair advantage in the burgeoning VR market. The argument is an early test for FTC Chair Lina Khan and her more aggressive stance to antitrust enforcement. Late Monday Meta and Within extended the deadline for the acquisition to close until the end of January, to give US District Judge Edward Davila time to make his decision.
Calling Zuckerberg as a witness, FTC lawyer Abby Dennis asked if in the history of computing, platforms and apps have generally “gone together.” She cited deposition testimony Zuckerberg gave earlier in the case, in which, according to Dennis, he said Facebook intended to build most of the apps for its platform itself.
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