The U.S. Federal Trade Commission (FTC) has officially dropped its lawsuit against Meta's acquisition of VR fitness company Within, in the first major loss for FTC commissioner Lina Khan.
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A U.S. court has declined a request to halt Meta's acquisition of VR fitness company Within, dealing a major blow to the FTC. It's unclear if the regulator will continue the fight in other avenues.
Meta has responded to the FTC's lawsuit against its acquisition of VR fitness studio Within in strong words, saying that the regulator's claims are based on speculation and ideology, not evidence.