Facebook to buy Oculus VR

[HaloFan85]

The Oculus Rift has lots of potential and is pretty much the leader in a practically untapped market so this move really comes as a surprise to me.  I'm sure the vast majority of gamers will be disappointed with this news.  It'll be very interesting to see what John Carmack thinks of this move and to see if he ends up staying with the company.

 

http://techcrunch.com/2014/03/25/facebook-to-buy-oculus-vr-maker-of-the-rift-headset-for-around-2b-in-cash-and-stock/

 

[mrwicked]

FB doing what cisco and yahoo did during the last dot com boom: use their ludicrously over-priced stock to buy up other companies.

bummer.

oculus looked really promising. now basically killed in the womb.

facebook is awful at doing anything outside of their social network stuff.

[nate]

This really sucks.

 

The maker of Minecraft already came out and said he is killing his Occulus project because he doesn't trust Facebook.

[mrwicked]

Yeah.

What's hilarious though are the Kickstarter backers who are bitching that Oculus sold-out, as in crowd-funding was an investment.

Nope. It's not investing. It's charity. You basically donated to those guys.

They took $2.4m from all those thousands of people, giving up 0% equity in the company, sent them a t-shirt, built a team/product, then sold the company for $2b.

Amazing.  

[Blarg]

[mrwicked]

^ ha yep.

I've been part of 10-figure startup acquisitions. Pretty hard to say no when the "b" word shows up.

[Brandon]

Yeah.

What's hilarious though are the Kickstarter backers who are bitching that Oculus sold-out, as in crowd-funding was an investment.

Nope. It's not investing. It's charity. You basically donated to those guys.

They took $2.4m from all those thousands of people, giving up 0% equity in the company, sent them a t-shirt, built a team/product, then sold the company for $2b.

Amazing.  

 

 

haha, this is sick and true.

 

i've thought about doing ridiculous kickstarter projects, or ones i wouldn't start with my own money.

 

there will always be a market in using other peoples money however you see fit.