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Facebook loses $500 million Oculus lawsuit - CNNMoney

A jury has awarded game development firm ZeniMax $500 million in its lawsuit against Facebook-owned Oculus. The lawsuit, filed months after Facebook (FB) acquired Oculus in 2014, claimed Oculus founder Palmer Luckey and CTO John Carmack stole ...and more »

Mark Zuckerberg defends Facebook's Oculus investment and asks investors for 'patience' - CNBC

Wall Street cornered Mark Zuckerberg on Wednesday, asking when Facebook will make money from virtual reality. Facebook told investors Wednesday that it is still a decade away from reaching its virtual reality goals. Stifel analyst Scott Devitt asked if ...and more »

Is Facebook Trying to Screw an Entire Music Industry? - Digital Music News

There's no arguing that Facebook is on top of the social media empire. As of the third quarter of 2016, Facebook had roughly 1.79 billion users. During the same time period, Twitter only reported 317 million. Yet, the company isn't off to a good 2017 ...and more »

Mark Zuckerberg says Facebook's $3 billion bet on VR 'won't be profitable for quite awhile' - Business Insider

Facebook CEO Mark Zuckerberg is convinced that virtual reality will change the world. But for investors waiting for his $3 billion bet on the technology to pay off, Zuckerberg has one word: patience. When asked about Facebook's VR and augmented reality ...and more »

Oculus' John Carmack Has Serious Doubts About $500 Million Lawsuit's Expert Witness [UPDATE] - Kotaku

Oculus CTO and renowned Quake and Doom programmer John Carmack slammed a Dallas jury's Wednesday decision against Oculus in a $500 million copyright and non-disclosure agreement lawsuit. On Facebook, Carmack specifically takes issue with an expert ...and more »

ZeniMax Responds To John Carmack's Comments After $500 Million Verdict - UploadVR

The war of words continues between ZeniMax and Oculus in the wake of a $500 million mixed verdict issued yesterday by a Texas jury. Earlier today Oculus CTO John Carmack noted on Facebook “the internet would have viciously mocked the analysis” of an ...and more »

ZeniMax ask a judge to block Oculus from using their code in VR products - PCGamesN

Update February 24, 2017: ZeniMax still aren't content after recently winning $500 million in a court battle with Oculus over a broken NDA and allegedly stolen trade secrets. Now they are asking a judge to block Oculus from using code found to be taken ...and more »

Oculus lift: Facebook loses $653 million virtual reality headset verdict - The Sydney Morning Herald

The virtual reality headset maker that Facebook bought in 2014 for US$2 billion used stolen computer code, a jury said in awarding US$500 million ($653 million) to ZeniMax Media. The case was over the Oculus Rift, the device that has put the social ...and more »

How the $500M VR lawsuit might be a good thing for the technology - Polygon

A half a billion dollar payout in an argument over who invented the Oculus Rift virtual reality headset, might have a silver lining for the technology, an expert says. The trial kicked off last month, pulling Oculus CTO and former id Software co ...and more »

Facebook Stole VR Tech For Oculus Rift Ordered To Pay $500 Million To ZeniMax Media - Techworm

A judge has ruled that Facebook indeed stole VR technology from ZeniMax Media for its Oculus Rift VR. Facebook's virtual reality (VR) subsidiary Oculus and its executives have been ordered to pay $500 million in damages to game developer ZeniMax Media ...and more »