Antitrust Probes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Meta's acquisition of VR fitness app Supernatural is being targeted by the FTC antitrust regulators.

With the aid of virtual and augmented reality to bring the experience much closer to real life. some people have already dipped their toes in the maattaetavers. those who play games and use vr headset. this could extend to having virtual homes, attending virtual concerts and virtual shopping for all your virtual needs. facebook isn't the only player investing in the space. with competition from game developers, like roadblocks and epic games. it's interesting, though, that facebook has picked the eu for this big investment. a market that is not considered all that friendly when it comes to u.s...

Facebook’s worldwide crash exposed the risks of relying on its social networking products, bolstering European regulators’ drive to contain its reach just as a US whistle-blower’s testimony threatens to attract more unwanted scrutiny at home

>> facebook ceo mark zuckerberg is pounding the pavement on capitol hill today meeting with a handful of key lawmakers as his company faces multiple antitrust probes and intense public pressure to perform nearly every aspect of its platform. so far, those who have met with him say the talks have been productive. >> we had a very serious and positive discussion, even where we differ. >> they say they are finally getting through to facebook on some key issues. >> they took the position that there were a neutral platform and they were responsible for content and then we asked what about terrorism...

Too big, that they stifle competition and now we're going to see months of sprawling hearings, airing their dirty laundry. and we see the trump administration is also potentially planning probes, divvying up the tech companies to plan potential antitrust probes into their business practices as well. >> interesting. elie, i wish they could get together and get rid of the trolls on the internet. >> impossible, impossible. >> if it is ultimately determined that there are antitrust issues here for these companies because congress lacks the power to break up big tech companies or levy fines, what h...