Facebook Fined $500M In Virtual Reality Case

Facebook is on the hook for $500 million in damages after a jury found that the social giant’s virtual reality company, Oculus, violated the intellectual property of game maker ZeniMax. The jury found that Oculus was guilty of copyright infringement, failure to comply with a non-disclosure agreement and misuse of trademarks. However, they cleared Oculus of other charges, including theft of trade secrets. Oculus told CNBC it would appeal the case. “The heart of this case was about whether Oculus stole ZeniMax’s trade secrets, and the jury found decisively in our favor,” the company said. “We’re obviously disappointed by a few other aspects of today’s verdict, but we are undeterred. We look forward to filing our appeal and eventually putting this litigation behind us.” ZeniMax claimed that Oculus founder Palmer Luckey “commercially exploited” ZeniMax computer code and trade secrets.