From Facebook CEO Mark Zuckerberg “Our mission is to make the world more open and connected. For the past few years, this has mostly meant building mobile apps that help you share with the people you care about. We have a lot more to do on mobile, but at this point we feel we’re in a position where we can start focusing on what platforms will come next to enable even more useful, entertaining and personal experiences. This is where Oculus comes in. They build virtual reality technology, like the Oculus Rift headset. When you put it on, you enter a completely immersive computer-generated environment, like a game or a movie scene or a place far away. The incredible thing about the technology is that you feel like you’re actually present in another place with other people. People who try it say it’s different from anything they’ve ever experienced in their lives.”
Silicon Valley is for young people, who regard useful, entertaining and personal experiences most important. When people grow older and have family, they come to think about something more than entertaining personal experiences: health, children and real things. There are some merits in growing older. Does Silicon Valley really change the world into a better place? It is fun to play a game, probably more fun to play a virtual reality one…But, don’t we have many more important real matters to deal with first than virtual reality ones? Chronic illnesses, health care, food poisoning, violence, human dignity, environmental issues… Silicon Valley has been replacing Wall Street in prestige, wealth creation and importance to the world. Now in big gambles as well. Given proprietary trading has been closed at banks, Silicon Vally comes to become a large player in option trading (they are buying the private companies at the unreal valuations as an option to protect their trillions of dollars of collective market capitalizations).
Facebook’s $2 Billion Deal for Oculus, NYT
Why Facebook’s $2 Billion Oculus Buy Is a Bet Too Far, Wired
Update: Facebook share price was at $60.38 down 6.94% on Wednesday. $10+ billion market cap disappeared. Market has learned Zuckerberg and the insiders might think current Facebook stock price is overvalued and why Facebook makes deals aggressively with its stocks.
PROTAGONIST | DEUTERAGONIST | TRITAGONIST 