Facebook owes $500 million in VR lawsuit


Facebook/Oculus was being sued for stealing some intellectual property in regards to their VR product Oculus Rift. In the end ZeniMax is getting a $500 million dollar payday (pending legal appeals and all that jazz). It appears that the Oculus troubles happened before Facebook purchased them for $2 billion, however, Facebook will be the one responsible for the damages now. This of course isn't going to hurt Facebook too much, just makes their venture into VR a little more expensive. CNBC has the full story.

Facebook's Sheryl Sandberg told CNBC's Julia Boorstin that she was "disappointed in certain elements of the decision." Sandberg added she was "considering our options to appeal," and the verdict was "not material to our financials."