Responding back in 2022 to Meta’s planned acquisition of virtual reality start-up Within, FTC Chair Lina Khan stepped in to block the purchase since it would allegedly bring Meta “one step closer to its ultimate goal of owning the entire ‘Metaverse.’” If only Meta could own the entire Metaverse. Think about it.
Seriously, stop and imagine how much clearer the future of commerce would be if Meta could figure out whether or not the metaverse is where we’re headed. Particularly if it were to own the “entire” sector as Khan feared, individuals, companies and startups would then know based on Meta’s profits, lack thereof, or expected future profits where to concentrate their own resources.
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