FTC, States Said to Probe Meta's (FB) Oculus On Competition Practices - Bloomberg

January 14, 2022 2:31 PM EST

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(Updated - January 14, 2022 2:36 PM EST)

The U.S. Federal Trade Commission and multiple states are investigating Meta's (Nasdaq: FB) Oculus over potential anti-competitive practices, according to Bloomberg, citing people with knowledge of the matter.

The FTC and a group of states led by New York have quizzed outside developers that make Oculus apps in recent months, the report said. Officials are scrutinizing how Meta may use its market power in VR to stifle competition.

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