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by hrktb 4462 days ago
> This acquisition/partnership gives us more control of our destiny, not less!

It's the first time I read a statement by Palmer, it overall seems reasonable, but this one line feels so much like BS business talk.

As I interpret it, being in a situtation where they had less controled that under Facebook means they had almost no control going forward.

Would it mean Oculus was going nowhere, they were seeing a strong competitor entering the market but no clear vision of how they could go on, so their destiny was basically a dead end, and getting into Facebook gives them at least one or two survival paths ?

Also, I'm sorry that you are disappointed...really ? Perhaps this guy at least is a really good fit in the facebook culture.

2 comments

They had investors focused on profits as soon as possible.

Now they don't.

Of all the criticism you can level at Facebook, one thing you can't say is that they're driven by short term need for profits.

I think he meant that Oculus now has money to do things that they could not do before.
Money is not control. They sold the control they had for money.

Whether that works out for them or not is all up to Facebook now.