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  • Meta Lays Off Over 11,000 Employees

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    Meta Lays Off Over 11,000 Employees

    This is a reduction of roughly 13% of its total workforce.
    Mark Zuckerberg, the CEO of Meta, just announced that they have let go more than 11,000 employees across many divisions. This reduction is equal to about 13% of Meta's total workforce.

    The message shared with Meta employees was also shared publicly by Zuckerberg. In the remarks issued, he says that some discretionary spending will be cut and there will be a hiring freeze at Meta through Q1 2023. This is being done, according...
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  • New Meta VR Headset Confirmed for October Release

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    New Meta VR Headset Confirmed for October Release

    Mark Zuckerberg confirmed this via a Joe Rogan podcast.

    Meta CEO Mark Zuckerberg confirmed that the company's next virtual reality headset will be released this October. This confirmation came during a recent appearance by Zuckerberg on Joe Rogan's podcast. There's something to be said about these two terrible people having a nice, little chat but we'll leave that to others.

    It wasn't specified just what this new headset would be, but it's expected to be Project Cambr...
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  • Zuckerberg Announces New Meta VR Headset for Work

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    Zuckerberg Announces New Meta VR Headset for Work

    Don't expect to play many games on it though.

    Meta CEO Mark Zuckerberg confirmed that the company is working on a new high-end VR headset during their latest earnings call. He then went on to reiterate his remarks in a Facebook post.

    Unlike Meta's current VR offering, the Meta Quest 2, this new one is going to be "more focused on work use cases." Zuckerberg says that he hopes this new headset, codenamed Project Cambria, will eventually replace your laptop or...
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  • Facebook is now Meta

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    Facebook is now Meta

    Literally, that's their new name.

    Facebook is no more! That's the good news here. The bad news is that the social media giant hasn't been shutdown or disbanded because of any fallout from the literally everything involving that company over the years. No, instead the company will now be called Meta.

    Yes, Meta. Facebook is now Meta.

    Earlier this month, a report was released suggesting that Facebook was interested in rebranding itself to try to separate itself...
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  • Grand Theft Auto: San Andreas Announced for Oculus Quest 2

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    Grand Theft Auto: San Andreas Announced for Oculus Quest 2

    No word on whether or not this will be exclusive like Resident Evil 4 VR.

    At some point during today's Facebook Connect, android and CEO Mark Zuckerberg announced that Grand Theft Auto: San Andreas will be coming to the Oculus Quest 2.

    During the announcement, there was no footage of the port shown off. We did not even see a screenshot. We also do not know if this title will be exclusive to the Oculus Quest 2, like the recently released Resident Evil 4 VR, or if it will...
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  • ZeniMax and Facebook Settle VR Lawsuit

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    ZeniMax and Facebook Settle VR Lawsuit

    ZeniMax Media announced today that they have reached an agreement in the recent legal battle between themselves and Facebook over the use of various VR technologies that ZeniMax says they created. To catch you up to speed, this legal began back in 2014 when ZeniMax first sued Oculus VR and Palmer Luckey.

    Then it was said that John Carmack's hard drive had proof Oculus lied in their lawsuit with ZeniMax. Then Mark Zuckerberg got involved. Then in early 2017, a jury gave half a...
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  • Jury Awards Half a Billion Dollars to ZeniMax in Lawsuit Against Oculus

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    Jury Awards Half a Billion Dollars to ZeniMax in Lawsuit Against Oculus

    Earlier today in Dallas, a jury awarded half a billion dollars to ZeniMax after finding out that Oculus co-founder, Palmer Luckey, failed to adhere to a non-disclosure agreement he had signed. This amount includes $50 million that Luckey himself has to pay to ZeniMax plus another $150 million from the other Oculus co-founder, Brendan Iribe. The main point of this case came back as a bit of a win for Oculus. ZeniMax had claimed that that Oculus stole trade secrets from ZeniMax, which the jury di...
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  • Jury Awards Half a Billion Dollars to ZeniMax in Lawsuit Against Oculus

    Earlier today in Dallas, a jury awarded half a billion dollars to ZeniMax after finding out that Oculus co-founder, Palmer Luckey, failed to adhere...
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  • Mark Zuckerberg Testifies in Oculus VR and ZeniMax Case

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    Mark Zuckerberg Testifies in Oculus VR and ZeniMax Case


    Facebook's very own Mark Zuckerberg gave his testimony this Tuesday in the legal battle between Oculus VR and ZeniMax. If you need a refresher (2, 3, 4) I suggest you check out those previous threads. Zuckerberg claims that no theft happened from ZeniMax. In fact, Zuckerberg claims...
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  • Mark Zuckerberg Testifies in Oculus VR and ZeniMax Case

    ...
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  • Facebook Acquires Oculus VR for $2 Billion

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    Facebook Acquires Oculus VR for $2 Billion

    We're still a week out from April Fool's day, right? Yeah? So this is real? Damn.

    It seems as though Facebook has acquired Oculus VR for $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion) with an additional $300 million earn-out in cash and stock based on reaching certain milestones.
    Our mission is to make the world more open and connected. For the past few years, this has mostly meant building
    ...
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  • Facebook Acquires Oculus VR for $2 Billion

    We're still a week out from April Fool's day, right? Yeah? So this is real? Damn.

    It seems as though Facebook has acquired Oculus...
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