Good morning! There’s one big story that’s dominating the news. We’ll give you the best stuff we’ve seen on it so far.
- Facebook paid $US2 billion, most of it stock, for Oculus VR, a startup that makes a virtual reality headset. It’s for video games now, but in the future it could deliver all sorts of experiences.
- Mark Zuckerberg said he bought Oculus because he believes virtual reality is the next major platform for computing. First it was desktop computers, then mobile computers, and now virtual reality.
- The Oculus headset is apparently mind blowing. It’s an immersive experience and words don’t do it justice. Anyone that tries it is floored by the experience.
- Mark Zuckerberg had been pursuing Oculus for months. Initially he offered $US1.5 billion, but investors thought was too little. He upped the bid to $US2 billion and negotiations were finished last weekend.
- Potential Oculus gamers are not happy about this. The comments on the Oculus blog post announcing the deal are not kind.
- Oculus’s technology was mind-blowing, but it wasn’t the only company doing a virtual reality headset. Sony and Microsoft are both working on a competitor. This may have influenced the decision to sell.
- In non-Oculus news, Candy Crush priced its IPO at $US22.50/share. That makes it double the current valuation of Zynga. It starts trading this morning.
- Apple let one of the engineers that helped develop the original iPhone software talk to the WSJ. Apple never lets non-executive employees talk. It seems the reason it allowed this to happen was because Apple is about to have a patent suit with Samsung and it wanted to tell the story of creating Apple’s software.
- DigiTimes reports Apple will release a Retina MacBook Air in the second half of the year, and it will release a 12-inch iPad.
- The IRS made a big ruling on bitcoin. It is property, not currency, and so you have to tax any money made mining bitcoin.
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