The Biden administration’s battle against big tech is expanding into the metaverse.
Meta agreed to stall its acquisition of a fitness app because the Biden administration is concerned that the social media titan has become a “virtual reality empire.”
Meta, the parent company of Facebook and Instagram, sought to acquire Supernatural, a virtual reality fitness app from Within Unlimited. The Federal Trade Commission objected and sought to block the acquisition in federal court last month.
Meta agreed to a temporary restraining order halting its acquisition until either Dec. 31, or the first business day after a federal judge rules on the FTC’s case, depending on which occurs first, according to a new court filing.