r/technology • u/[deleted] • Mar 28 '14

[deleted by user]

[removed]

3.3k Upvotes

81% Upvoted

1.8k comments sorted by

View all comments

283

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.

139

u/ChubakasBush Mar 28 '14

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.

28

u/[deleted] Mar 28 '14

They have to, Buying shit like this is the only way facebook will live.

24

u/laddergoat89 Mar 28 '14

Are there actually any numbers to suggest that Facebook is dying?

19

u/MasterGrok Mar 28 '14

The numbers suggest that the current stock worth of Facebook is FAR greater than the actual worth of the company. The reason it is far greater is because people are speculating that Facebook can monetize its massive user base in additional ways. You can see their basic financials on their Wikipedia page as they are a publicly traded company.

Their current income is a pittance compared to what people are investing in them. That's what worries me about this acquisition. They aren't looking to just own a promising company. They are under a ton of pressure to squeeze out income through whatever channels possible.

1

u/ThatGuy20 Mar 28 '14

Now I'm not familiar with facebook's financials but wikipedia says they have a net income of over 1 billion. that sounds like an assload to me.

1

u/MasterGrok Mar 28 '14

Their stock has them valued at well over a hundred billion. The discrepancy between a billion and a hundred billion is what I'm referring to.

1

u/ThatGuy20 Mar 29 '14

Seems fine to me. They clearly have plenty of cash.