Facebook buys Oculus VR for $2bil
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MENLO PARK, Calif., March 25, 2014 /PRNewswire/ – Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price of the 20 trading days preceding March 21, 2014 of $69.35 per share). The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones.
http://online.wsj.com/article/PR-CO-20140325-912577.html
Looking back in 5 years, I don't think anyone will accuse Facebook of not having a clear vision as to where they want to take the company.
And its good to see them finally using the massive amount of assets that they have accumulated over the years.
And its good to see them finally using the massive amount of assets that they have accumulated over the years.
RT @notch: We were in talks about maybe bringing a version of Minecraft to Oculus. I just cancelled that deal. Facebook creeps me out.
Looking back in 5 years, I don't think anyone will accuse Facebook of not having a clear vision as to where they want to take the company.What's their vision of it?
And its good to see them finally using the massive amount of assets that they have accumulated over the years.
It's an odd purchase to my mind, because i don't think of Facebook as generating any content i want to use/see in VR. But it could signal a change in direction. Of course, that will also probably be shown by a few other purchases then.
Errr...I'm probably gonna pass on Oculus. I'll stick to Sony's tech. I don't mind FB as a social network, to a certain extent, but owning the company of a wearable headset?
Nope.
Nope.
"you must sign into facebook and allow access to your personal information and allow facebook to post for you before accessing this Oculus feature"
Most of those fedorabeards that donated will pat themselves on the back and the argue that they are proud of the contributions that they made and that knowing they were influencers is reward enough.
Yeah. People who are kickstarting businesses are doing it wrong. And i actually feel like it's genuinely against the nature of what it SHOULD be.
Fan stuff, and non-commercialised property? sure. Great. i get it.
Paying to fund someone elses business so they don't have to take the risk of getting a business loan and face the real threat of bankruptcy if their "brilliant idea" doesn't come off? No. That is just you being a sucker.
Fan stuff, and non-commercialised property? sure. Great. i get it.
Paying to fund someone elses business so they don't have to take the risk of getting a business loan and face the real threat of bankruptcy if their "brilliant idea" doesn't come off? No. That is just you being a sucker.
RT @notch: We were in talks about maybe bringing a version of Minecraft to Oculus. I just cancelled that deal. Facebook creeps me out.
Why do people lend so much creedence to whatever the fuck Notch says? Its not like he's some dude who paid his dues in the trenches and gained a ton of insight and then put that to good use.
I digress.
This acquisition seems kind of weird to me, and I see why people are so mad (wah I gave you my money with the expectation of getting something you didn't promise and now you sold out) but the more I think about it, the more I don't see this being anything but a foot note that we all forget about in a few years.
RT @notch: We were in talks about maybe bringing a version of Minecraft to Oculus. I just cancelled that deal. Facebook creeps me out.
Why do people lend so much creedence to whatever the fuck Notch says? Its not like he's some dude who paid his dues in the trenches and gained a ton of insight and then put that to good use.
I digress.
This acquisition seems kind of weird to me, and I see why people are so mad (wah I gave you my money with the expectation of getting something you didn't promise and now you sold out) but the more I think about it, the more I don't see this being anything but a foot note that we all forget about in a few years.
Yeah. People who are kickstarting businesses are doing it wrong. And i actually feel like it's genuinely against the nature of what it SHOULD be.
Fan stuff, and non-commercialised property? sure. Great. i get it.
Paying to fund someone elses business so they don't have to take the risk of getting a business loan and face the real threat of bankruptcy if their "brilliant idea" doesn't come off? No. That is just you being a sucker.
The former is what I think Kickstarter started out as. The problem is that all these ancient as fuck and virtually irrelevant gaming icons came and plumbed people's nostalgia for buckets of money and suddenly a lot of people realized that Kickstarter was a great way to sucker morons out of their money.
Kickstarter had no real incentive to stop itself from becoming exactly what they said they didn't want to be because ultimately they wanted to get paid too.