Facebook CEO Mark Zuckerberg testified in a Dallas court yesterday as part of a lawsuit claiming that Oculus VR, the startup Facebook acquired for roughly $2 billion, was based on stolen technology. Unsurprisingly, Zuckerberg defended Oculus and in the process revealed a number of new details about the negotiations involved in purchasing the company. Among them: that Facebook agreed to pay $700 million in employee retention bonuses for “key people.”
Facebook CEO Mark Zuckerberg testified in a Dallas court yesterday as part of a lawsuit claiming that Oculus VR, the startup Facebook acquired for roughly $2 billion, was based on stolen technology. Unsurprisingly, Zuckerberg defended Oculus and in the process revealed a number of new details about the negotiations involved in purchasing the company. Among them: that Facebook agreed to pay $700 million in employee retention bonuses for “key people.”
