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Re:Facebook acquires Oculus VR by froo on Tuesday March 25, 2014 @06:55PM (#7469875)
> Oculus is not a service, just a technology; one that has no relation (nor clear route to one) to any Facebook-held product.

Exactly. This is what diversification is all about.

At it's core, Facebook is now a public technology company, which means that creating value for its shareholders is it's primary focus.

Buying something that looks like it might be a big deal before it becomes a big deal is doing that. Killing it before it has a chance to become big, especially since it has no "relation to any Facebook-held product" (thus it's not competing) is definitely not in their best interest.

Re:Facebook acquires Oculus VR by bradgessler on Tuesday March 25, 2014 @09:49PM (#7470981)
I think most of us really wanted Oculus to be an insanely great technology, not Facebook's "diversification strategy".
Re:Facebook acquires Oculus VR by AznHisoka on Tuesday March 25, 2014 @11:20PM (#7471355)
exactly. FB has experience with stuffing LOLCat pics in your FB feed. Not innovative tech.
Re:Facebook acquires Oculus VR by xerophtye on Wednesday March 26, 2014 @01:24AM (#7471767)
>FB has experience with stuffing LOLCat pics in your FB feed

Seriously? Are you really saying that it's FB's evil plan to stuff cat pictures in your pictures? And not the fualt of those with whom you connect on FB?

It's rather sad how so many people just think of FB as a "website" and not realize the truly innovative efforts they must go through to keep it running as such a massive scale. Not to mention, they built their own servers and pushed initiatives to help the whole industry set up proper infrastructures to achieve massive scale

Re:Facebook acquires Oculus VR by sentenza on Wednesday March 26, 2014 @05:03AM (#7472288)
It's also weird how many don't see the big white elephant in the room: People hate Facebook. For about 3-4 months now, whenever I talk to a non-techie and Facebook comes up _they_ start complaining and telling me how they're trying to get away from it. They even mention other services that are connected with Facebook (Instagram, What's App)!

Is this happening only here in Germany? I was definitely surprised to be back in "the mainstream".

Re:Facebook acquires Oculus VR by s3r3nity on Wednesday March 26, 2014 @07:55AM (#7472775)
There could be multiple interpretations:

1) People hate Facebook in the same way I hate cheesecake: Facebook does such a good job at hooking me in and spending so much time reading content that it's a delicious evil. I hate how cheesecake makes it so irresistible and would like to eat less of it, but that doesn't make cheesecake bad per se. =)

2) Not everyone does hate Facebook, it's just the Yelp effect: you're more likely to hear about how someone hating on something MUCH MORE than you are likely to hear about someone loving (hell, even just _liking_) a product/service/etc. My buddies and I connect on FB messenger all the time and find it convenient, but we're not going to rave about it on all comment boards, Reddit, etc.

(Sidebar: I find that it's more of the exception, rather than the rule, when the Yelp effect is broken. For example, Evernote made a killing off primarily word of mouth in its early development, and people rave about it everywhere.)

Re:Facebook acquires Oculus VR by threeseed on Wednesday March 26, 2014 @05:58PM (#7476940)
> People hate Facebook

This is complete and utter nonsense.

People would not be using the site if they did.

Re:Facebook acquires Oculus VR by libraryatnight on Thursday March 27, 2014 @10:46AM (#7480684)
I haven't had a facebook account in some time, but when I did I hated it. I used it because there was this fear that I'd miss something, I'd be left out of some loop.Once I left, I realized that was nonsense, the people who mattered text, call, or email me.

My dad hates facebook, but he uses it because there's some family and friends on there that make him feel obligated to stick around.

Breaking away is easier than it seems at first, but there are plenty of people who dislike facebook who still use it.

Re:Facebook acquires Oculus VR by PavlovsCat on Wednesday March 26, 2014 @07:00AM (#7472628)
> Are you really saying that it's FB's evil plan to stuff cat pictures in your pictures?

No, FB's needy plan is to act as middleman for stuff people are doing already. If Zuckerberg had his way, checking Facebook would be the first and the last thing everybody on the planet does after waking up and before going to bed. Why and what for they're checking does not even enter the picture, it's irrelevant, mere details. Facebook shares that disease with Google, Apple and Microsoft, and probably others as well.

> Not to mention, they built their own servers and pushed initiatives to help the whole industry set up proper infrastructures to achieve massive scale

AKA disrupting what's good about the web and replacing it with centralized silos. Who needs little shops in inner cities, not to mention public parks and wilderness... let's all just go to the mall, and stay there forever. Again, Facebook didn't start that particular fire, but it certainly loves to help keep it going.

I'm sure what Jack the Ripper did was technically challenging, too. And no, I'm not comparing Facebook with a murderer, at least not first and foremost: I'm saying that something is complicated doesn't automatically make it worthwhile or laudable. What someone is doing, and why they're doing it, matters as well.

Re:Facebook acquires Oculus VR by 72deluxe on Wednesday March 26, 2014 @05:22AM (#7472337)
They have done some really interesting stuff. BUT! It is still just a website. Of all the over 200 million top level domains, everyone goes nuts of 2 of them: Facebook and Twitter.

They are just websites. Are they the pinnacle of human achievement?

Re:Facebook acquires Oculus VR by falconfunction on Saturday March 29, 2014 @10:51PM (#7494982)
their intentions are held in as high regards as their technical decisions
Re:Facebook acquires Oculus VR by karangoeluw on Tuesday March 25, 2014 @11:51PM (#7471466)
Define "Not innovative tech"
Re:Facebook acquires Oculus VR by hueving on Wednesday March 26, 2014 @12:15AM (#7471551)
Did he not just say, "stuffing lolcats into your feed?"
Re:Facebook acquires Oculus VR by cheald on Wednesday March 26, 2014 @01:28AM (#7471782)
I'm not much a fan of Facebook, but it's only fair to give them credit where credit is due - things like Cassandra, HHVM/Hack, and React are all pretty important technologies, and their datacenter needs mean they've built an internal competency for hardware, too.

I don't think this move makes obvious sense, but Facebook The Company (as opposed to Facebook The Product) is more than just an RSS feed of lolcats.

Re:Facebook acquires Oculus VR by virgil_disgr4ce on Wednesday March 26, 2014 @10:52AM (#7473777)
Well... those are not mutually exclusive, as far as I can tell.
Re:Facebook acquires Oculus VR by bduerst on Tuesday March 25, 2014 @08:00PM (#7470319)
>Diversification

Conglomerates have some of the thinnest margins across many industries.

Jumping into the electronic devices industry with a product that hasn't even hit market yet is a bad gamble, especially since a dedicated electronics manufacturer (Sony) is going to release the same product but with an already dedicated market (Playstation).

It would have been better to wait until OR released, because then early adopters would have demonstrated if it is a viable product.

Re:Facebook acquires Oculus VR by maldeh on Thursday March 27, 2014 @06:58AM (#7479584)
Fair point. It definitely looks like an emotional purchase in a tough market. They're already getting creamed for it in the stock market [1]

The way things look, this is largely a win for Oculus for finding a big backer, and a risky gamble for facebook.

I think it's good that FB's putting some faith in a great team and product all the same

-- [1] http://www.marketwatch.com/story/facebook-shares-drop-more-t...

Re:Facebook acquires Oculus VR by jcnnghm on Wednesday March 26, 2014 @12:20PM (#7474447)
Diversification at the corporate level isn't a good idea. Investors typically demand a discount (the conglomerate discount) for diversified corporations because they can easily diversify themselves by holding a variety of securities. Imagine an investor that values social networks highly, but who doesn't care for VR. They'll view this as a distraction from the core business, leading to a discount of the core business and an even greater discount of the VR portion. Diversification makes companies harder to analyze and reduces management focus, and has the tendency to depress both earnings and value.

There are some exceptions around market inefficiency, for example in the case of emerging markets where companies are difficult to manage and finance, but those are becoming less common, not more. I think there may be an argument that the market inefficiency caused by the extra reporting requirements imposed by SOX is causing more companies to go public by way of acquisition instead of IPO, but I haven't really seen clear data on that point.

Re:Facebook acquires Oculus VR by nightski on Tuesday March 25, 2014 @07:50PM (#7470257)
Publicly held companies often do things that lack vision and do not serve their best interest.