• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, May 25, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Twin complaints signal new FTC strategy to rein in tech industry

by Sumbul Farid
December 9, 2022
in Business, Future Tech, Gaming, Markets, Metaverse, News, Popular, Tech, Trending, VR, World
Reading Time: 2 mins read
0
The Federal Trade Commission unanimously votes to enforce the right to repair

The Federal Trade Commission unanimously votes to enforce the right to repair Image Credits: XDA Developers

TwitterWhatsappLinkedin

On Thursday, the Federal Trade Commission took its most aggressive step since Lina Khan became chair to rein in the power of Big Tech, pursuing a lawsuit to block Microsoft’s takeover of a game developer on the same day it opened arguments in another case against Meta’s acquisition of a virtual reality start-up.

You might also like

Walmart Layoffs Spark H-1B Backlash: CTO Suresh Kumar Caught in the Crossfire

X Restores Service After Global Outage Linked to Oregon Data Center Fire

German Court Rules Cookie Banners Must Include a ‘Reject All’ Cookies Button


In both situations, the FTC argued that the takeovers would crush future innovation in upcoming gaming markets, a comparatively new interpretation of antitrust law that Khan (D) and her allies have envisioned as they seek to bring in an era of competition enforcement. The complaints follow long-running criticism that federal regulators have not been prudent enough in evaluating deals in Silicon Valley, allowing tech titans to dominate by swallowing up their much smaller rivals.
The FTC lawsuit against Microsoft would prevent the company’s $69 billion takeover of the video game publisher Activision Blizzard, alleging that the deal would allow the Redmond, Wash., tech giant to dominate over its rivals in gaming. If the FTC’s lawsuit is carried forward, it would impede Microsoft’s aspirations to become a heavier hitter in the gaming industry. Activision is the owner of popular titles such as “Candy Crush” and “Call of Duty,” and its purchase could push up Microsoft in its competition with Japanese console makers Nintendo and Sony.
The combined actions denote that the newly empowered Democrats at the FTC are starting to uncover an agenda that could have far-reaching consequences for the world’s most powerful tech companies, following months of partisan gridlock that blunted Khan’s objectives.
So far, Microsoft has not seen such a serious regulatory threat to its business in more than two decades, when the Justice Department brought a landmark antitrust lawsuit against the company that enveloped it in years of legal battles.

Meta logo depicted on a poster in a field with people around

Source: Microsoft News

On the other hand, Meta is trying hard to defend its ability to depend on acquisitions to build out immersive digital worlds, known as the “metaverse.” Meta CEO Mark Zuckerberg has risked the future of the company on those ambitions, changing the company’s name and investing billions of dollars into bringing the metaverse to the masses. Even as the company has suffered revenue declines and laid off 13 percent of its workforce this year in the face of economic uncertainty, Meta has remained steadfast in its VR investment.  it expects its virtual and augmented reality division to lose even more money in 2023.

Tags: FTCGamingMetametaverseMicrosoft
Tweet54SendShare15
Previous Post

Five Common DSAR Myths

Next Post

Elon Musk’s Twitter sued for ‘disproportionately’ firing female employees

Sumbul Farid

Recommended For You

Walmart Layoffs Spark H-1B Backlash: CTO Suresh Kumar Caught in the Crossfire

by Anochie Esther
May 25, 2025
0
Walmart

Walmart is facing mounting backlash after announcing the layoff of approximately 1,500 employees in its technology, e-commerce fulfillment, and advertising divisions. The announcement has not only raised concerns...

Read more

X Restores Service After Global Outage Linked to Oregon Data Center Fire

by Anochie Esther
May 25, 2025
0
X

X, the social media platform formerly known as Twitter, is coming back online for most users after suffering what appears to be a significant international outage. The disruption...

Read more

German Court Rules Cookie Banners Must Include a ‘Reject All’ Cookies Button

by Anochie Esther
May 25, 2025
0
Cookies

In a landmark decision for digital rights and privacy, the Hanover Administrative Court has ruled that cookie banners on websites operating in Germany must provide users with a...

Read more
Next Post
Twitter Files shed light on the hidden practices of Twitter, read to know more!

Elon Musk's Twitter sued for 'disproportionately' firing female employees

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?