News > Meta Acquires Berlin Startup to Boost Virtual-Reality Ambitions

Meta Acquires Berlin Startup to Boost Virtual-Reality Ambitions

Facebook parent Meta Platforms Inc. has acquired Lofelt, a Berlin startup whose technology aims to replicate the illusion of touch in virtual reality, the tech giant said on Friday. 

At the time, the FTC said that Meta was already a key player at each level of the virtual-reality sector and was trying to use its financial might to dominate the industry.