In a U.S. litigation involving Facebook's virtual reality agreement, Zuckerberg will testify.
As part of a Federal Trade Commission (FTC) complaint that seeks to prevent the company's proposed acquisition of VR content creator Within Unlimited, Mark Zuckerberg, CEO of Meta Platforms Inc (META.O), will appear in court.
In a court document delivered on Friday to the U.S. District Court for the Northern District of California, the FTC listed 18 witnesses it intended to cross-examine. Zuckerberg, Within CEO Chris Milk, and Meta Chief Technology Officer Andrew Bosworth were among the witnesses.
Additionally, defendants Meta and Within submitted a witness list on Friday that included their names. Additionally, defendants Meta and Within submitted a witness list on Friday that included their names.
According to the court document, in addition to defending the Within acquisition, Zuckerberg will probably be questioned about the Facebook parent company's VR business plan and aspirations to support third-party developers.
According to a lawsuit the FTC filed in July, the purchase of Within by Meta would 'tend to create a monopoly' in the market for VR-specific fitness apps. According to the regulator, the proposed acquisition will 'significantly diminish competition or seek to create a monopoly' in that market. However, according to Meta's legal argument, 'The FTC's conclusory, speculative, and contradictory claims fail to present any convincing evidence that any alleged market for VR Deliberate Fitness apps exhibits 'oligopolistic' behaviour or structure.'
Facebook agreed to buy Within for an undisclosed sum in October 2021. In response to Meta's request, the FTC stated that its 'conclusory, speculative, and inconsistent charges' do not credibly establish any facts to demonstrate that any alleged market for VR Deliberate Fitness apps is 'oligopolistic' in terms of either conduct or structure.