--- title: "EU Antitrust Chief believes Metaverse Competition needs Examination" description: "The metaverse has come into sharper focus since Facebook changed its name to Meta Platforms two years ago to reflect its bet on the new sector as the" author: "Anonymous User" published: 2023-03-03 canonical: https://www.mindstick.com/news/2873/eu-antitrust-chief-believes-metaverse-competition-needs-examination category: "news" tags: ["facebook api", "cybersecurity", "news"] reading_time: 2 minutes --- # EU Antitrust Chief believes Metaverse Competition needs Examination The metaverse, which consists of Internet-accessible shared virtual worlds, will be the subsequent virtual [marketplace](https://www.mindstick.com/articles/12472/mgs-front-end-builder-for-magento-2-best-selling-product-on-magento-marketplace) to be under legislative examination, said EU antitrust commissioner Margrethe Vestager on Thursday. \ When [**Facebook**](https://www.mindstick.com/news/2799/meta-investors-request-reconsideration-of-cambridge-analytica-fraud-case) renamed itself to [**Meta Platforms**](https://www.mindstick.com/news/2776/from-meta-to-microsoft-ai-s-moment-of-glory-has-arrived) two years ago to represent its [investment](https://www.mindstick.com/articles/13065/an-investment-in-certification-software-gives-peace) in the new industry as the [replacement](https://www.mindstick.com/blog/11708/google-pixel-and-its-quick-screen-replacement) for the [mobile internet](https://answers.mindstick.com/qa/114590/how-does-5g-technology-improve-mobile-internet-speed-and-connectivity), the metaverse has become more apparent. \ This action has consequently raised worries about Meta's potential domination. Microsoft and Alphabet's Google also are working on creative [machine learning](https://www.mindstick.com/articles/13070/rising-popularity-of-machine-learning-classes-in-bangalore), the firm's next bright spot. \ " It's already time to explore what robust rivalry would seem like in the metaverse," Vestager said at a Keystone Strategy-hosted seminar. Vestager questioned if the presence of [alternative](https://www.mindstick.com/forum/2324/what-is-the-alternative-to-the-mvc) digital worlds and linguistic AI models, such as ChatGPT, would alter the equation. \ "Do we require further work on something new? Clearly, we have begun this task "She stated, \ She stated that administrative [monitoring](https://www.mindstick.com/articles/12832/learn-the-art-of-monitoring-google-updates-to-stay-in-tune-with-the-best-seo-practices) of digital marketplaces has increased globally over the past three years. \ "Now there is a much broader political discussion over the necessity for attentive attention to digital marketplaces. I believe that all jurisdictions are progressing in some fashion "Vestager added. She stated that certain antitrust enforcers were more [progressive](https://answers.mindstick.com/qa/43099/what-women-and-movements-during-the-progressive-era-helped-dispel-the-stereotype-that-women-were-submissive-and-nonpolitical) than others. \ "We are travelling at varying rates. We would not receive the same legal structure. And this might not be a terrible thing. Because of this, we will be able to refine our toolkits through the process of reciprocal learning "Vestager remarked. --- Original Source: https://www.mindstick.com/news/2873/eu-antitrust-chief-believes-metaverse-competition-needs-examination Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.