The Federal Commerce Fee mentioned Tuesday it won’t attraction a federal decide’s order rejecting the regulator’s effort to cease Meta from buying the digital actuality platform Inside Limitless.
“We won’t be interesting the choice in federal courtroom,” FTC spokesman Peter Kaplan mentioned in an e-mail.
The regulator misplaced to Meta within the U.S. District Court docket for the Northern District of California final week when Decide Edward J. Davila scrapped the FTC’s effort to kill Meta’s acquisition. The decide additionally blocked Meta from finishing the deal whereas the FTC determined whether or not to attraction.
Having chosen to not pursue the matter in federal courtroom, the FTC is poised to show its consideration to its in-house case reviewing the transaction. A listening to on the case is ready for Feb. 13.
The FTC’s subsequent steps in opposition to Meta over its digital actuality enterprise current a serious check of the regulator’s efforts to crack down on Huge Tech with President Biden’s appointee Lina Khan on the helm of the impartial company.
Meta petitioned the FTC for Ms. Khan to recuse herself from its case and the FTC determined earlier this month that she didn’t want to take action.
