Zuckerberg Faces Heat: $2 Billion Suit Over Oculus’ ‘Stolen’ Tech

The head of Facebook voices his support for Oculus, which the company recently acquired, denying the allegations.

Mark Zuckerberg, walking around a crowd immersed in virtual reality. (Photo Reuters)

Facebook CEO Mark Zuckerberg has denied allegations of stealing technology that was used to create the Oculus virtual reality (VR) headset, by saying that Oculus did not use technology that it did not own.

We are highly confident that Oculus products are built on Oculus technology. The idea that Oculus products are based on someone else’s technology is just wrong.

Mark Zuckerberg, CEO, Facebook

Facebook bought Oculus VR for more than $2 billion in 2014 and the dispute started just after its acquisition. The US-based video game publisher ZeniMax Media sued Oculus, accusing it of stealing important elements of the technology that went into the creation of the headset, the report said.

Facebook could face as much as $2 billion in damages if it loses the suit.

Zuckerberg also admitted that despite all efforts, his dream of bringing VR to the masses still has not come true.

I don’t think that good virtual reality is fully there yet. It’s going to take five or 10 more years of development before we get to where we all want to go.

Mark Zuckerberg, CEO, Facebook

Despite this feud, Facebook may invest more than $3 billion in the next decade to reach its goal of providing hundreds of millions of people with a good virtual reality experience.