Carmack speaks on pending Facebook acquisition of Oculus
Oculus chief technology officer John Carmack has offered his opinion on Facebook’s pending acquisition of Oculus for $2 billion. The deal has sparked outrage and confusion from consumers to the point that death threats have been made against Oculus co-founder Palmer Luckey while cooler heads have questioned whether or not Oculus should refund Kickstarter backers their money.
Facebook purchasing Oculus was an unprecedented acquisition. No Kickstarter company has ever been bought out by a large corporation prior to their crowdfunded project being released--at least not on the immense scale of $2 billion.
The surprising acquisition has spurred a lot of animosity from virtual-reality enthusiasts, most notably from the original Kickstarter backers.
Facebook has announced that an agreement has been reached with Oculus VR, Inc to purchase the virtual reality developer for $2 billion. Of the $2 billion being paid, $400 million of it will be in cash and the remainder will amount to 23.1 million shares of Facebook common stock valued at $69.35 per share.
Before the Internet came into its own, finding something to do to cure boredom was a task in and of itself. At work, you could count the holes in the ceiling, crumple pieces of paper and practice your cubicle hook shot, or get lost in a game of Minesweeper, all the while hoping your boss wouldn't wander by.
Note: This article was originally featured in our Holiday 2013 issue of the magazine.
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Mark Zuckerberg makes a major play in the mobile messaging arena
One thing is certain, Facebook isn't the least bit afraid to throw obscene amounts of cash at startups and services that have proven themselves in the public eye. It's a rather long list that includes Instagram ($1 billion), FriendFeed ($47.5 million), ConnectU ($31 million), and several others, though Facebook just announced its largest acquisition to date -- $19 billion for WhatsApp.
World's most popular online playground turns 10 years old
They grow up so fast, don't they? One day they're these little immature things making friends, and the next they're forming alliances and making tons of money. We're talking about social networks, of course, and though it might be hard to believe, Facebook is celebrating its 10th anniversary today. Mark Zuckerberg used the occasion to reflect back on the past 10 years as well as ensure users that he fully expects Facebook to be around for another decade, and beyond.
An energy efficient storage system for infrequently accessed data
It's a bit early to write the obituary for optical discs. Though many desktop users have made the transition to the cloud, Facebook found a use for Blu-ray discs -- 10,000 of them, in fact -- as part of an energy efficient storage system capable of holding a petabyte of data. Facebook showed the prototype system at the Open Compute Project summit meeting in San Jose, California, noting that it's intended to store data that rarely needs to be accessed.
Expand your Facebook experience with additional apps
Facebook Home failed to catch on the way it was anticipated to, so it appears Facebook is investigating other venues to keep the brand afloat while making it easier for users to access their profile and other information. It looks like the advent of standalone Facebook apps may be upon us.
New features include New Stories and 320 snap view
Windows 8.1 users who spend a lot of time on Facebook will be delighted to find the social networking app has been updated with a slew of additional features. Given the fact that Windows apps often go ahead and complete updates in the background, these new features may come as a surprise to some users, but for the unenlightened, we'll outline what you can expect the next time you get the urge to look at photos of babies and cats. That's what Facebook is now, right?