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00:00:02
>> Facebook CEO Mark Zuckerberg taking the stand in a Dallas courtroom Tuesday defending his Oculus VR business against allegations it stole another company's technology. The claim coming from video game publisher ZeniMax which sued Oculus in 2014, the same year Facebook bought the virtual reality goggle maker for $2 billion.
00:00:23
But the lawsuit isn't just about the money says Reuter's global tech editor Jonathan Weber.>> One thing that was interesting in Zuckerberg's testimony today is he spoke about why he thinks virtual reality is so important. And he gave a lot of insight into the strategic thinking around it.
00:00:38
And so if it does evolve in the way that he expects and becomes as important as he expects then something like the Oculus will sort of, with historical hindsight, be a very important breakthrough in the history of technology. So I think there's a lot of kind of pride of authorship around who deserves credit for that.
00:00:59
>> Zuckerberg's hours long testimony also revealed for the first time that, in addition to the $2 billion price tag, Facebook paid another $700 million to retain employees, and $300 million in payouts for reaching milestones. Zuckerberg he also said he wasn't aware of any theft claims against Oculus at the time of the deal, but added, quote, it's pretty common when you announce a big deal that people just come out of the woodwork and claim they own some part of the deal.