Facebook parent company Meta Platforms Inc. META, +2.19% on Thursday filed a motion in federal court to dismiss the Federal Trade Commission’s lawsuit to block Meta’s acquisition of VR company Within. “The FTC’s attempt to fix its ill-conceived complaint still ignores the facts and the law and relies on pure speculation of a hypothetical future state,” a Meta spokesperson said in a statement to MarketWatch. “There is vibrant competition in the fitness space and across VR, and our acquisition of Within will be good for people, developers, and the VR space. For these reasons, the complaint should be dismissed.” An FTC spokesperson said the commission voted to authorize staff to file an amended complaint against Meta in federal court and it is “confident that the district court complaint will not be dismissed and this case will be heard.”
