Frager Factor

Wednesday, March 26, 2014

The World Is Pissed At Facebook and With Good Reason

The latest $2 billion Facebook acquisition that we posted a whole thread about last night (you know the one arguing that if a billion dollars isn't gratifying to you maybe you just get gratification knowing you helped start something), seems to have the everyone talking and not very kindly. It's Kickstarter's first billion dollar deal but with no returns for Kickstar investors who watch others get rich, perhaps this is kickstarting of a can that kicks Kickstarter out of play.

According to AdAge:
"Since Facebook announced yesterday that it's buying Oculus VR, the maker of Oculus Rift, an upcoming virtual-reality headset, the outrage online has been completely off the charts, with Facebook-haters wielding their virtual pitchforks in scary, mob-like formations. 
"Part of it has to do with the fact that Oculus VR scored a big chunk of cash with a hugely popular Kickstarter campaign. On Aug. 1, 2012, Oculus VR set a goal of $250,000 for itself to create a ''developer kit for the Oculus Rift -- the first truly immersive virtual reality headset for video games." Thanks to the hype surrounding a Oculus Rift prototype shown off earlier that year, the gaming community fell in love, and Oculus surpassed its $250K target within the first four hours, and ultimately pulled in more than ten times its goal when the fundraiser ended a month later with $2,437,429 banked. (The developer kit was actually released, but the consumer Oculus Rift headset has yet to hit market.)"
"That Kickstarter had 9,522 backers -- which means a lot of passionate gamers felt both emotionally and financially invested in the start-up. So it shouldn't be a surprise that Oculus VR's Kickstarter comments section is being flooded this morning with comments like "I'm glad i backed this so you could sellout to facebook. Nicely done!" (posted by Kickstarter member ingognito), "What a disappointing decision to cash out even before getting first consumer version out" (Kert Tamm) and "Glad you guys were able to sell out with a product build on our money. I can understand that you guys need more money to be able to compete with Sony, but Facebook?? Come on!" (Sander van Rossen). "
Over on Reddit, where one thread about Facebook-Oculus has attracted 8,879 comments as of this writing, there's a lot of discussion of what Facebook even stands for these days, like: 
"A company who has a core business model of spying on people for advertisers buying a gaming hardware accessory company instills about as much confidence as the NSA installing your television" (sir_sri)." 
"And, "I'd prefer EA, Monsanto or the fucking Russian Army had bought it. Words literally fail me on a concise expression of just... disapointment, best I can do is: i've gone from 'definite buy in 1-2 years' to, 'annnndddddddd im not buying it'. Zuckerberg is a fucking hack. What consoles me is very few 'tech giants' actually manage to stay on top. IBM for example is a exception not the norm."
Ouch! For more go to

About The Author: Owen Frager is an Internet marketing expert ready to help take your company to the next level.

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