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Facebook's Virtual-Reality Tech was Not Stolen, Zuckerberg Testifies
Jan. 17, 2017 09:25AM PST
Emerging Technology InvestingFacebook (NASDAQ:FB) Chief Executive Officer Mark Zuckerberg took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that Facebook’s virtual-reality technology of its Oculus unit was stolen. Zuckerberg was still on the witness stand after more than an hour of testimony in a civil lawsuit brought by videogame …
Facebook (NASDAQ:FB) Chief Executive Officer Mark Zuckerberg took the witness stand in Dallas federal court on Tuesday and denied an allegation by a rival company that Facebook’s virtual-reality technology of its Oculus unit was stolen. Zuckerberg was still on the witness stand after more than an hour of testimony in a civil lawsuit brought by videogame publisher ZeniMax Media.
As quoted in the press release:
ZeniMax sued Oculus in 2014 as Facebook was in the process of buying the startup for $2 billion over allegations that Oculus unlawfully gained access to ZeniMax’s intellectual property.
Zuckerberg told the jury: “I’m here because I believe they’re false, and it’s important to testify to that.”