Top in Tech is going weekly! In each episode, we'll be covering the week's biggest tech policy story with an expert from our GC team. We'll also continue to host thought leaders and industry experts for monthly in-depth conversations about the future of tech regulation.
To kick us off, Senior Practice Director Conan D'Arcy is joined by Senior Associate Ugonma Nwankwo to look at a US court's decision allowing Meta to acquire fitness VR startup Within. The FTC alleged that Meta's purchase would give it an unfair advantage in the burgeoning metaverse ecosystem, an argument strongly reminiscent of what critics levied against the social media giant after it had purchased Whatsapp and Instagram. The decision is a loss for the FTC under Chairwoman Lina Khan, who has led the agency to adopt a more creative approach to antitrust and competition law.
Conan and Ugonma discuss what the decision means for Meta, how the loss may impact the FTC's agenda, and what this all means for the next big tech deal on the horizon: Microsoft's $69 billion acquisition of Activision Blizzard.
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Global Counsel has produced an original report on public attitudes to the metaverse, including representative polling, as well as interviews with regulators and thought leaders, across the US, UK and France. You can the full report by clicking here.