META PLATFORMS, INC.

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Delayed Quote. Delayed  - 01/20 04:00:00 pm
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Meta's Oculus Unit Under FTC-Led Antitrust Probe, Bloomberg Reports

01/14/2022 | 03:21pm

--Meta Platforms Inc.'s Oculus unit is being investigated by the U.S. Federal Trade Commission and several states over whether it engaged in anti-competitive practices, Bloomberg reported, citing anonymous sources.

--The FTC and several state attorneys general have questioned third-party developers as part of the probe, Bloomberg said.

--The FTC declined comment, Bloomberg said, while Meta couldn't be immediately reached for comment.


Full story:

https://www.bloomberg.com/news/articles/2022-01-14/meta-s-oculus-unit-faces-ftc-led-probe-of-competition-practices?srnd=premium-europe&sref=cvDKYV7o


(END) Dow Jones Newswires

01-14-22 1521ET

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