Meta said it will now proceed with its acquisition of Within Unlimited. The FTC had argued that Meta's acquisition of the small company — reminiscent of Facebook's early purchases of Instagram and WhatsApp — would hurt competition in the emerging virtual reality market. Inside the House of Blueberry: Meet these metaverse digital fashion designers Allowing the tech giant to buy Los Angeles-based Within Unlimited, the FTC had argued, would violate antitrust laws and dampen innovation, hurting consumers who may face higher prices and fewer options outside of Meta-controlled platforms. Meta Platforms Inc. said in a statement late Friday after the ruling was unsealed that it is "pleased" with the decision. "This deal will bring pro-competitive benefits to the ecosystem and spur innovation that will benefit people, developers, and the VR space more broadly," the company based in Menlo Park, California, said. "We look forward to closing the transaction soon."