Thank you for reading thecheers.org's breaking news stories.


Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million

 article about Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million
2017-02-02 01:26:11
A jury, on the case between Facebook and Zenimax Media, has just made a decision and awarded Zenimax $500 million. Wearing a suit to the court didn't seem to help Zuckerberg, as jury still found that the terms of non-disclosure agreement have been violated.

Oculus VR was also found guilty of copyright infringement.

In addition to $500 million that Facebook has to pay, Palmer Freeman Luckey, the founder of Oculus VR and designer of the Oculus Rift, has to pay $50 million personally, and the former CEO of the company, Brendan Iribe, $150 million.

According to TechCrunch, Facebook's comments on the official ruling said that they are not happy with a few aspects of tghe verdict, but generally undeterred.

Zenimax Media's spokesperson said they are pleased with the decision, but will keep going with the cases against Facebook to make sure their computer code won't be used by Facebook and Oculus.

One thing Oculus was not found guilt of, were the claims that Oculus had stolen trade secrets to create the Rift headset.

Even though the half a billion verdict seems big, allegedly Zenimax Media was looking to get six billion dollars.




have your say


more in Breaking News
Can drinking help you have a longer life?
Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million

During a meeting of the American Association for the Advancement of Science a study was presented that shows how moderate drinking can lead to longer life.

Trump endorses the dumbest and worst candidate in history
Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million

Trump has just endorsed Mitt Romney for senate seat in Utah, the man he called the dumbest and worst candidate in history during the 2016 presidential campaign. Can't the man just make up his mind? ...

Trump hopes Oprah will run for president to ridicule her
Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million

Another day, another Tweet. Same Trump. The latest tweet comes as a response to Oprah's statements in 60 Minutes.

Iranian plane with 65 people on board still not found
Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million

The Aseman Airlines plane that disappeared from radar screens yesterday is still lost, rescue teams are yet to find it. The plane got lost yesterday 50 minutes after the start of its journey from Tehran to Yasuj. The plane most likely went down in the mountains which makes it difficult to find the wreckage.

Mitt Romney to run for a U.S. Senate seat in Utah
Mark Zuckerberg and Facebook lose Oculus case, has to pay $500 million

While no official announcements have yet been made, according to sources familiar with Romney's plans, the former presidential nominee will be running for a US senate seat in Utah.

thecheers.org

Welcome to TheCheers! We've been around for a long time now, since 2004, publishing articles by people from all over the world. Roughly 300 people from 30 different countries have written for us over the years. Should you want to become a volunteer contributor, be sure to contact us!

get in touch

You can contact us via The Cheers Facebook page or The Cheers NEW Twitter account.