Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg says the fact his company doesn’t have a virtual reality fitness app up doesn’t keep him up at night, but acquiring it would boost competition and improve such applications.
“It’s less important that we own the experiences than (that) they exist,” he said at a trial in San Jose, California. “By joining us I think we can also help them be able to pioneer the category” and “spur other companies who are doing other good things in this space.”
Zuckerberg took the witness stand to defend his company’s acquisition of virtual reality startup Within Unlimited Inc. against a Federal Trade Commission antitrust suit. His testimony Tuesday is part of Meta’s push to defeat the lawsuit seeking to block the company from acquiring the maker of Supernatural — a popular VR fitness app. Zuckerberg’s testimony follows that of Meta Chief Technology Officer Andrew Bosworth a day earlier.
