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Meta is facing a lawsuit for trying to monopolize the metaverse

The company led by Mark Zuckerberg has bet so much on the metaverse that has taken a significant risk. I am not exaggerating, we just have to see that the value of Meta’s shares has plummeted in recent months, and that the company has had to reduce expenses by adjusting its workforce with a significant round of layoffs.

Meta is totally convinced that the metaverse is the future, so much so that she even changed her name. Said future does not only go through the concept of the metaverse as a new social network, but also as a new advertising platform. That is where the key is, and where the American giant awaits find a new goose that lays golden eggs than to be able to exploit from a privileged position.

With this in mind it is easy to connect the dots. To achieve that privileged position, Meta is investing enormous amounts of money and taking risks that would be beyond the reach of other companies, and with this it has achieved precisely what it did not want, attracting the attention of the United States Federal Trade Commission. Said entity initiated a process against Meta in which he accuses the company of building a monopoly to dominate the future of the metaverse.

To support its accusations, the United States Federal Trade Commission does not focus on Meta’s investments, but rather puts its sights on in the acquisitions that the giant has been making in recent months. The strategy of the company that Zuckerberg runs is very clear to the FTC, which says that they have bought numerous relevant start-ups in the virtual reality sector. before they could be cannibalized by the competitionand that with this they have strengthened their dominant position.

From what they tell us from Reuters it seems that the FTC could prevent Meta from executing new purchases in the virtual reality sector. If this goes ahead, the company would have to compete from another perspective, creating its own products and applications instead of buying them at the checkbook. Although it sounds complicated, the truth is that in the end I don’t think the giant would have any problem, it would just take more time, but it has plenty of resources. However, at the moment there is nothing definitive, so we will see how all this ends up being.

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