Professor Gregory McNeal, "The FTC’s Challenge to Meta’s Acquisition of a VR Fitness Company Hurts Innovation and Competition" -- Forbes Magazine
Professor Gregory S. McNeal's opinion article, "The FTC’s Challenge To Meta’s Acquisition Of A VR Fitness Company Hurts Innovation And Competition," is published in Forbes magazine. The article considers the FTC's court argument that Meta’s acquisition of Within Unlimited, the maker of virtual reality fitness software, would create a monopoly by eliminating competition for virtual reality fitness applications.
Excerpt from "The FTC’s Challenge To Meta’s Acquisition Of A VR Fitness Company Hurts Innovation And Competition"
The FTC needs to understand that an acquisition is a positive, competition inducing signal to investors because it means there is a marketplace for the product an entrepreneur creates — it is simply the farthest thing from anti-competitive. The Within acquisition will encourage more innovators to enter the space in the hopes of an exit through acquisition and the fact that acquisitions are possible (not blocked by the FTC) means the funding will be there for them. The deal is the exact type that should be allowed to proceed unfettered.
The complete article may be found at Forbes