So now they’re buying “Oculus” for a cool $2 Billion.
Oculus doesn’t even have a mainstream product at market. They’ve only existed for two years.
I’ve gotta go back to Disney’s purchase of Lucasfilm. For $4 Billion. Lucasfilm clearly has a mountain of ongoing earnings and a mountain of earnings potential which Disney is exploiting with this new film trilogy. Star Wars 7 will surely be the highest grossing film ever once it has it’s run.
So FB has signed up $19 Billion for an app that at the pace of things may well be irreluvant in two years, and now $2 Billion for a VR technology that may or may not pan out. I sure as hell would not be buying facebook stock. They’re fucking nuts. I will be watching with great interest to see how they morph these acquisitions into colossal earnings.
Disney on the other hand got the bargain of a lifetime comparatively to FB’s lunacy.
And of note is that a co-founder of Oculus was killed last summer. He was hit by a car that was being chased by police. So…does his estate get to pursue the state now for a couple hundred million?