5) there may still be time
According to Mark Zuckerburg, virtual reality is not only the future, but it is also a unique computing platform that his company has a chance to own. But he does still admit there may still be some time before VR can be brought publicly to the masses. It may take about 5 – 10 years, which we all know is never really 5 – 10 years.
4) Oculus in a lawsuit
Zuckerburg himself testified that he is indeed involved in a $2 billion lawsuit surrounding the origins of oculus, a VR company Facebook acquired in March of 2014. It was revealed by Zuckerburg that Facebook in fact paid $3 billion to acquire Oculus
3) incoming investment
Zuckerburg revealed in the courtroom that there will be an investment greater than $3 billion in the VR business so as to bring it forward to the masses.
2) Zenimax seeking damages from facebook
At the heart of its case is the claim that Oculus acquired information from former ZeniMax employee and current Oculus CTO John Carmack that was instrumental to the creation of the the company’s core technology, help that ZeniMax was never compensated for. They are claiming a compensation to the tune of $2 billion.
1) existing investments
Zuckerberg has already invested heavily in its VR play. Zuckerberg testified that prior to its acquisition, then-Oculus CEO Brendan Iribe was asking for $4 billion for the VR company. Facebook and Oculus eventually settled on a $2 billion purchase price along with $700 million in employee retention and $300 million in milestones. These figures all show the dedication that Zuckerberg has to Facebook furthering its grasp on the virtual reality industry, something it likely hopes to spend billions innovating on not paying legal damages for.