Facebook Loses Oculus VR Lawsuit
VR Gaming might stall as a result ~
Cliff George, 20 February 2017
Facebook has established themselves as one of the leading social media giants of the 21st century. Mark Zuckerberg and his team have made it a top priority to purchase other companies and make acquisitions in ways they see benefiting the overall success of their company. This business mentality has led them to make some historic purchases – such as Instagram and Whatsapp that were bought for $1 billion and $19 billion, respectively. However, one of Facebook’s more recent acquisitions involving Oculus VR got them into a sticky lawsuit.
Mark Zuckerberg made a clear indication of Facebook’s future direction with the purchase of Oculus VR in 2014 for $2 billion. The technology company is known for their creation of Oculus Rift, a high-tech Virtual Reality simulator. What Facebook saw as a worthwhile investment has turned out to be nothing more than a thorn in their side.



