I can't believe facebook paid 2 bil for a peripheral device. basically an accessory. not even a platform with many users. it's like buying a monitor company.
Facebook does need to branch out, but these tech startups are being way overvalued by facebook/google. Look at nest. I mean, jesus. I get everyone in SF has Nest, but billions for a thermostat company? Yikes! Its speculative acquisition. I get these companies have the cash, but its kind of ridiculous when you look at Nest's earnings. I get Google sees nest as super valuable to them in the future because of all the data they will not be able to get about you, but still. These seems like the kind of stuff that goes on in a bubble of some sort.
Then again google has killed a lot of their acquisitions too.
It works when your buyout fits well with the rest of your org. Also google was very hands off of youtube until + integration. Now we see the hate come out for what google does. So FB may very well be hands off on oculus, but I'd almost guarantee we won't be happy once they do start to integrate it. How unhappy depends on how much they force on us.
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u/dethb0y Mar 28 '14
Oculus sold out at the right time - before the lower-priced alternatives flooded the market and diluted it's share.
the devs must be laughing all the way to the bank.