Facebook’s VR Oculus business probed by US states, Marketing & Advertising News, ET BrandEquity

    Image for representative purpose / Reuters
Image for representative purpose / Reuters

Several states have begun investigating potential violations in how Facebook, now known as Meta Platforms Inc, runs its Oculus virtual reality business, according to three people familiar with the matter.

Two sources said the US Federal Trade Commission is also involved in the antitrust investigation. Meta did not immediately respond to a request for comment.

One source said New York, North Carolina and Tennessee were among the states involved in the investigation. On Friday, a group of about 50 states asked the Court of Appeals to reinstate an antitrust lawsuit filed in December 2020 against Facebook.

One of the sources said investigations into Facebook subsidiary Oculus’ business are part of the larger investigation.

The offices of attorney generals in New York, North Carolina and Tennessee did not immediately respond to requests for comment.

The investigation was first reported by Bloomberg News.

The lawsuit, which will be heard by the London Competition Court, alleges that Facebook made billions of pounds by imposing unfair terms and conditions that required consumers to hand over valuable personal data to gain access to the network.

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