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Facebook has acquired Oculus VR for 2 Billion US Dollars
- Thread starter ShogunDarius
- Start date
Sooooo what exactly happens to everyone's Rifts that they Kickstarted for? They are absolutely entitled to ask for a refund if worst comes to the worst. That's assuming the original version is never going to come out anymore and that people are going to drop development for it like a rock.
Nydius
Member
Facebook as a company might sound rich right now but their core model is still based on a rapidly outdated data selling and targeted advertising revenue model. They're constantly having to look for ways to monetize and investors still aren't convinced on Facebook's valuation over the long term.
Facebook is one pin prick away from a complete financial crash. All this money they've been throwing around for things like Whatsapp and Oculus is coming straight out of the warchest they should be saving. There's no way they're going to be able to devote "infinite", or even Microsoft-level, type of money to Oculus.
Mr. PlayStation
Member
What he said may have had a tone that you may not have liked, but the fact that the PS4 is what's running Morpheus instead of the PS5 means the experience will be compromised in comparison (just as its lower quality output of the device itself, judging by the hands on).
BurnOutBrighter
Banned
Great list of concerns from a Redditor
http://www.reddit.com/r/oculus/comments/21cy9n/the_future_of_vr/cgbucep
- Facebook is going to commercialise the platform
- Facebook is losing appeal among young people
- It is not a partnership, it's an acquisition
http://www.reddit.com/r/oculus/comments/21cy9n/the_future_of_vr/cgbucep
- Facebook is going to commercialise the platform
- Facebook is losing appeal among young people
- It is not a partnership, it's an acquisition
Gunmonkey36
Member
So my friend just texted me to tell me to look at gaf.
This thread is clearly why.
I then called him and am basically at this point now....
This thread is clearly why.
I then called him and am basically at this point now....
Doc Holliday
SPOILER: Columbus finds America
Palmer must have been sweet talked big time by zuckenberg lol
D
Deleted member 125677
Unconfirmed Member
This is yet another sign that this current VR hype-bubble is going to burst. Because IT WILL BURST.
This is the mid nineties all over again, I tell you.
This is the mid nineties all over again, I tell you.
SkyTurnsRed
Banned
Exactly what I was thinking! Loved that book. I see a direct correlation.
ultratruman
Banned
Read the image, it says @jeffgerstmann via twitter. All his status updates on twitter appear on his facebook feed. Also, it's gone from his facebook now too.
Lol this
Zomba13
Member
A lot of the pros seem like a wishlist and not seeing any negatives just shows you are willingly avoiding them, especially when making up unannounced pros.
Mister Chippy
Member
Pretty much.
The Rift's future just got really hazy, and it's probably not gonna be what people donated money to have made.
((
Ah, well, you sold your opportunity. This isn't a merging. You were bought.
I look forward to what Zuckerberg does with VR. Should make a great Social Network 2. Maybe Palmer can get a cameo, if he's lucky.
All seven stages of grief on full display already, I love it!
Let's face it, Facebook does not cater to the hardcore. Oculus was supposed to be exclusively for the hardcore.
This acquisition is not a good thing for anyone interested in VR gaming.
Palmer and crew are simply cashing out big. It's the safe play, dude is set for life.
Let's face it, Facebook does not cater to the hardcore. Oculus was supposed to be exclusively for the hardcore.
This acquisition is not a good thing for anyone interested in VR gaming.
Palmer and crew are simply cashing out big. It's the safe play, dude is set for life.
The realistic people:
The perverts all over the world:
Fixed
Many of you defenders forget FB is a public company now. They cannot drop 2 billion without answering to millions of shareholders. This acquisition MUST naturally increase the number of regular FB users and if you think that's going to happen by leaving Oculus to make VR hardware for games targeted at high-end PC users with dual Titans that number .01% of the general population, you are dreaming. FB will be integrated into every aspect of Oculus and it's main target will be the lower end of the PC and tablet market segment. So if that still interest you, better sign up for your FB accounts now, because almost assuredly you will need one soon to even buy and use the Rift.
plagiarize
Banned
If anything doesn't this given Morpheus MORE reason to fear the Rift? Which has more money behind it now?
This was never the case.
This was never the case.
If your meant sweet talk with money dangling in front of his face, yes.
SPACECADET
Member
Now when I stalk peoples facebook pictures it'll actually be like I'm stalking them in real life! Fantastic!
Oh well, hello morpheus. There's always MySpace.
Oh well, hello morpheus. There's always MySpace.
OMG.
thunder_snail
Member
Can't blame Oculus. It's a smart business decision.
They've been trying hard to make VR mainstream and Sony coming out with their own VR made them realize they are going to be redundant once big corporations start taking charge.
Might as well cash in before the company goes under.
They've been trying hard to make VR mainstream and Sony coming out with their own VR made them realize they are going to be redundant once big corporations start taking charge.
Might as well cash in before the company goes under.
Cross-posting this from the OT thread:
There seems to be a lot of misconceptions about what a business acquisition is going on here. I'm assuming when it says that Facebook is acquiring Oculus, it means Facebook will be holding a majority share of Oculus. When you say "oh, wow, they're rich now, good job", you don't really get what this is about. Why would the bleeding VR hearts and the guys with proper passion for VR sell their share now, and go "oh, fuck you all, I have money now!" and drop their life-long vision of creating VR?
Very little is said on how this acquisition will take place. If it's a complete take-over, I'd be really surprised. It would mean that the share of Oculus people owned would be converted to Facebook stocks. Thinking that Facebook has anywhere near as huge of an upside as Oculus does is ludicrous. However, the upside is part of the evaluation. The evaluation is fucking enormous, so I guess Oculus sees this as perhaps not the complete upside, but also exactly what the company needs to reach that upside. But, this is not Facebook buying out the people that are working there. This is a huge resource infusion for the company. The 2 billion dollars does not go to the stakeholders in more than exactly what is was before, as a part of the company. If you wish to sell your part of your company, that's your prerogative, but you don't get to keep your part and get money at the same time. The resources then go into the company, and will now give Oculus probably 50 times more resources to fiddle with. They will be able to move into a proper production facility, drive the costs down by a huge amount, and get more people the consumer version a lot faster. We won't have to sit around for months waiting for our kits to arrive, like we did with DK1 and now DK2.
This is a huge opportunity for Oculus. They can essentially focus on exactly what they wish their vision to be, and not have to struggle to make ends meet. Facebook will likely push to get a big, new team going to push for social media advances with VR. Perhaps some new interactive VR world? I don't know what Zuckerberg envisions. But the core team can do whatever they want. Facebook knows that they can't just come in and shift the focus of the existing team. However, they're free to put a new team next to that that works on utilizing the VR. That has nothing to do with building the tech, which will remain its own team, which will continue doing exactly what it does, only more effectively. Especially and at least in terms of production. The amount of R&D they're at liberty to do, now, the ways they can make the unit more affordable to the consumer. All of this is a huge advent of VR. This will push what you're all oozing in your pants to get your hands on; a proper, integrated VR experience with all the haptic feedback and stuff you've only dreamed would one day be a part of this.
And now that Facebook enables that, you all go "preorder cancelled"? That's not what's going on.
There seems to be a lot of misconceptions about what a business acquisition is going on here. I'm assuming when it says that Facebook is acquiring Oculus, it means Facebook will be holding a majority share of Oculus. When you say "oh, wow, they're rich now, good job", you don't really get what this is about. Why would the bleeding VR hearts and the guys with proper passion for VR sell their share now, and go "oh, fuck you all, I have money now!" and drop their life-long vision of creating VR?
Very little is said on how this acquisition will take place. If it's a complete take-over, I'd be really surprised. It would mean that the share of Oculus people owned would be converted to Facebook stocks. Thinking that Facebook has anywhere near as huge of an upside as Oculus does is ludicrous. However, the upside is part of the evaluation. The evaluation is fucking enormous, so I guess Oculus sees this as perhaps not the complete upside, but also exactly what the company needs to reach that upside. But, this is not Facebook buying out the people that are working there. This is a huge resource infusion for the company. The 2 billion dollars does not go to the stakeholders in more than exactly what is was before, as a part of the company. If you wish to sell your part of your company, that's your prerogative, but you don't get to keep your part and get money at the same time. The resources then go into the company, and will now give Oculus probably 50 times more resources to fiddle with. They will be able to move into a proper production facility, drive the costs down by a huge amount, and get more people the consumer version a lot faster. We won't have to sit around for months waiting for our kits to arrive, like we did with DK1 and now DK2.
This is a huge opportunity for Oculus. They can essentially focus on exactly what they wish their vision to be, and not have to struggle to make ends meet. Facebook will likely push to get a big, new team going to push for social media advances with VR. Perhaps some new interactive VR world? I don't know what Zuckerberg envisions. But the core team can do whatever they want. Facebook knows that they can't just come in and shift the focus of the existing team. However, they're free to put a new team next to that that works on utilizing the VR. That has nothing to do with building the tech, which will remain its own team, which will continue doing exactly what it does, only more effectively. Especially and at least in terms of production. The amount of R&D they're at liberty to do, now, the ways they can make the unit more affordable to the consumer. All of this is a huge advent of VR. This will push what you're all oozing in your pants to get your hands on; a proper, integrated VR experience with all the haptic feedback and stuff you've only dreamed would one day be a part of this.
And now that Facebook enables that, you all go "preorder cancelled"? That's not what's going on.
Doc Holliday
SPOILER: Columbus finds America
Blame Palmer and OR. They were a private company, they didn't have to sell.
Cow Goes Moo
Member
that's cool
Ghost Dad the Whip
Member
threads like this make it almost worth it!
Yep, I personally see it as Gaming becoming just a small portion of what they will be aimed at instead of its primary focus.
Its NOT any different. Don't tell me you haven't noticed the tons of people who don't like or use Android because they find Google creepy... Because they do exist, right here on GAF even. The response to this is no different.