Tuesday, November 5, 2024

Facebook’s VR Oculus business probed by U.S. states

According to three persons familiar with the situation, multiple states have begun looking into possible infractions in how Facebook, now known as Meta Platforms Inc (FB.O), operates its virtual-reality Oculus business.

The US Federal Trade Commission was also involved in the antitrust inquiry, according to two individuals. A request for comment from Meta was not immediately returned.

According to one report, the investigation included New York, North Carolina, and Tennessee. On Friday, a group of almost 50 states urged an appeals court to resume its antitrust action against Facebook, which was launched in December 2020.

According to one of the sources, the probes into Facebook’s Oculus division are part of a bigger investigation.

Attorneys general’s offices in New York, North Carolina, and Tennessee did not immediately reply to requests for comment. Bloomberg News was the first to report on the investigation.

Latest