Facebook is, by far, the largest social media platform on Earth. Nearly 2 billion people use it — just over 25% of the planet's population.
But the company's vision for the future goes beyond baby photos and shareable headlines: The $2 billion acquisition of Oculus VR in 2014 was a strong indication of what's next for Facebook.
This is the Oculus Rift headset, camera (for tracking movement), gamepad and remote.Oculus |
Weak sales of the company's first VR headset, the Oculus Rift, are just the beginning. Two months after Facebook purchased Oculus VR, Facebook was sued for $2 billion. The company that sued, Zenimax Media, claimed that a former employee-turned-Oculus CTO took trade secrets with him. Moreover, the suit claimed that those trade secrets were integral to the Oculus Rift headset.
A classic he said/she said litany of statements flowed from both companies, and a two-week jury trial concluded earlier this month. Zuck himself even appeared in court for questioning. The result? Facebook is paying Zenimax $500 million, but no one's to blame.
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