Tag: meta

Meta acquisition of Within Unlimited virtual reality company closes

L. Green
Virtual reality - Acquisition - Business

The Facebook parent company was able to win an antitrust lawsuit filed against it by the FTC. When Meta recently won an antitrust lawsuit filed against it by the Federal Trade Commission (FTC), the judge required the company to wait a week before closing its acquisition deal of virtual reality company Within Unlimited. The FTC’s lawsuit sought to stop Meta from being able to purchase Within Unlimited. Meta’s efforts to purchase the virtual reality company best known for its Supernatural fitness application were delayed by over a year as it…

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Metaverse policing strategy is under development at Interpol

Jesse Collins
Metaverse - Interpol Headquarters

The global police agency is investing the ways crime can be regulated in a virtual reality universe. Jurgen Stock, secretary general at Interpol, said that the police agency is currently developing a strategy that the organization will be able to use to police crime that occurs in the metaverse. The virtual reality universe has seen a great deal of hype but has yet to experience any mainstream use. Interpol has developed its own virtual reality (VR) environment in anticipation of a potential widespread use of the metaverse. In Interpol’s VR…

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Meta Platforms launches a “Year of Efficiency”, and its stock takes off

Jorge Gonzalez
Meta Platforms - Stocks

CEO Mark Zuckerberg has vowed to work on achieving improved efficiency and decision making. Facebook founder and Meta Platforms CEO Mark Zuckerberg has been pouring billions into the digital metaverse world and the company has been bleeding money as a result of these ventures. The company is now committing to focus its attention on the more immediate problems it is facing. Following drooping stock prices and substantial losses, Meta Platforms will now be buckling down and looking to correct its more immediate problems, such as sending its users improved relevancy…

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Meta gains court approval to acquire virtual reality startup Within Unlimited

Jennifer Goula
Virtual reality - Approved - Meta - Court

This court decision has defeated the US Federal Trade Commission’s effort to block the purchase. Meta Platforms Inc. has received the nod from the courts to acquire Within Unlimited, a virtual reality startup. This is a defeat to the effort the US Federal Trade Commission (FTC) has made to block the purchase deal. The FTC’s preliminary injunction to block the acquisition was denied in a sealed decision yesterday. The decision was made by US District Judge Edward Davila in San Jose, California. The decision was to reject the FTC’s request…

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Rumored VR headset from Apple could use eyes for making payments

Stephanie Beck
VR headset - Apple Sign on building

There are growing indications that the iPhone maker’s mixed reality wearables will launch in 2023. Since Face ID is already a payments validation method through Apple devices, it isn’t difficult to believe the new rumors stating that the iPhone maker’s expected (though unconfirmed) VR headset will uses wearers’ eyes for completing transactions. The rumors indicate that the gadget would use iris scanning tech for payments and logins. Reports suggest that iris scanning systems are being developed to make it easier for VR headset wearers to be able to securely access…

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