FTC Pushes For December Court Date In Fight Against Meta Platforms’ Acquisition Of Within
August 16, 2022
Trending News 🌧️The Federal Trade Commission (FTC) is pushing for a December court date in its fight against Meta Platforms($NASDAQ:META)’s acquisition of virtual reality app maker Within. The FTC sued in July to stop Meta from taking over Within, the maker of popular subscription fitness app Supernatural. The acquisition would have given Meta Platforms a virtual monopoly in the VR app market. Do you think this will affect Meta Platforms’s market and earnings in the long term? It’s hard to say. The acquisition would have given Meta Platforms a virtual monopoly in the VR app market, so the FTC’s lawsuit may ultimately be a good thing for competition. But it’s also possible that Meta Platforms will find a way to win the case and go ahead with the acquisition. Time will tell.
Market ReactionThis comes after news of the acquisition broke last week. Most people seem to be taking the news positively, with Meta Platforms’s stock opening at $179.0 on Monday and closing at $180.9, up 0.2% from its last closing price of $180.5.
VI AnalysisCompany’s fundamentals reflect its long term potential, below analysis on Meta Platforms are made simple by VI app. According to VI Risk Rating, Meta Platforms is a low risk investment in terms of financial and business aspects. You may check out what are the business and financial areas presenting potential risks in our website. Company’s fundamentals reflect its long term potential, as seen in the below analysis of Meta Platforms’s financials and business model. According to VI’s Risk Rating, Meta Platforms is a low risk investment in terms of financial and business aspects. However, there are some potential risks to be aware of when investing in Meta Platforms. These include the company’s dependence on advertising revenue, regulatory risks, and competition from other social media platforms.
SummaryThe Federal Trade Commission is pushing for a December court date to stop Meta Platforms’ acquisition of Within, which would create a social media giant with more than 2.5 billion users. The FTC argues that the merger would violate antitrust laws and lead to higher prices for consumers. The stock price of Meta Platforms, which owns Meta Platforms, was up 0.2% the day after the news was announced.
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