Cisco bought Flip for $590 million in 2009. By 2011 it was toast. While visionary for a moment, it wasn't perceptive enough to the impact of the smartphone.
There is a case to be made that Oculus needs large amounts of capital to procure the manufacture of a huge volumes of headsets. Unless explicit guarantees were part of the sale, Facebook could allocate the capital to something else. They are a public company and the bottom line is their companies performance, not the success or failure of Oculus.
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I thought it was an early April Fool's joke.
Cisco bought Flip for $590 million in 2009. By 2011 it was toast. While visionary for a moment, it wasn't perceptive enough to the impact of the smartphone.
There is a case to be made that Oculus needs large amounts of capital to procure the manufacture of a huge volumes of headsets. Unless explicit guarantees were part of the sale, Facebook could allocate the capital to something else. They are a public company and the bottom line is their companies performance, not the success or failure of Oculus.
Now there's talk of Carmack's previous employer alleging IP theft.
Hmmm... maybe that's why they scurried under the FB rock.