So fb will pay 300 mil and luckey and crew 200 mil.
I think its good for fb and bad for the others.
If fb had to pay all then that would've been bad for them.
How many units is occulus selling now?
Facebook Ordered to Pay $500M in Oculus Lawsuit
91–100 of 151 posts
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#92Earlier quoted context omitted.
> what concretely happened: a poaching of a key employee Not quite the reason for the fine according to TFA: > Instead, it ruled that Luckey, who was working as a contractor for Zenimax before starting the Kickstarter for the Oculus Rift headset, violated his non-disclosure agreement,
Offtopic but, why do people feel it's alright to refer to the article as The Fucking Article and on some other stuff they get all mad because someone used a curse word? The HN crowd is bipolar...
TFA stands for The Featured Article and always has, though I can understand your misapprehension because of RTFM which does use F as you suggest.
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#93Earlier quoted context omitted.
> what concretely happened: a poaching of a key employee Not quite the reason for the fine according to TFA: > Instead, it ruled that Luckey, who was working as a contractor for Zenimax before starting the Kickstarter for the Oculus Rift headset, violated his non-disclosure agreement,
Offtopic but, why do people feel it's alright to refer to the article as The Fucking Article and on some other stuff they get all mad because someone used a curse word? The HN crowd is bipolar...
It is as if they are different people!
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#94Large fines like these, even if the facts are clear, do not support competition and seem anti-consumer and anti-innovation. Either the fines should be smaller or the laws changed to better balance what concretely happened: a poaching of a key employee that led to the development of a big product. That being said, Facebook doesn't really seem to have its R&D figured out. It's poisoned by bad leadership. Palmer Luckey…
Being hired to work on projects, using your companies time and money, and then taking that project to another company yourself, is stealing. Stealing is very anti-competative, and massively increases risk in investment. If anything, this case shows that you can steal a companies resources to make your own products, and if its a good idea then lawsuits are just a cost of doing business.
I'm fully on the Zenimax side of this one as well.
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#95Earlier quoted context omitted.
What in the world was Carmack doing, working on another company's project, using your current company's time and resources? Don't get me wrong, the guy is a genius, and I love nearly everything he has a hand in, but you would think that with his level of seniority, some alarm bells would have gone off in his head.
I love how it's assumed, taken as axiom, instead of absurdity, that it's even possible for a company to own a individual's time and mind by contract.
Believe me, I'm on your side about that. However, the reports stated he used company resources.
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#96300m + 150m + 150m (Payout structure stated in the article) = 600m, not $500m.
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#97I wonder if this decision will be final, or if either party will appeal. Facebook has stated they will appeal, but Zenimax has threatened an injunction. While an injunction seems unlikely to achieve fruition, just the chance that it might (which would completely halt VR for Facebook) seems enough of a risk to just move on.
http://uploadvr.com/verdict-zenimax-oculus/
Then again, what do I know about giant corporations suing each other. I've always found it comical how much money Samsung and Apple spent suing each other, but they seem to make money just fine.
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#98> with Carmack having to pay another $150 million
His net worth seems to be only $40 million. What happens to him now?
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#99Earlier quoted context omitted.
Or entirely possible they knew about it, dismissed it as "frivolous case" or factored it in the price paid.
Well, clearly it wasn't frivolous, so if they did think that then it would be evidence of them not doing proper due diligence. I guess it's possible they just didn't care. What's another half billion dollars to facebook?
"It's a speeding ticket. Just pay it." -- paraphrasing Zuckerberg's lawyer in The Social Network
The interesting question is whether FB will indemnify Carmack. $150M is a hell of a speeding ticket.
Re: Facebook Ordered to Pay $500M in Oculus Lawsuit
#100> with Carmack having to pay another $150 million His net worth seems to be only $40 million. What happens to him now?
Serve time at Zenimax. Or maybe it's not final decision.