ZeniMax dealt a severe blow to Facebook when it won a lawsuit against it for half a billion dollars.
According to a report on the mako website, the company sued Oculus (which was acquired by Facebook in 2014) and its founder, Palmer Luckey, for $2 billion.
She claims that he stole technology from her and violated confidentiality agreements when he developed his virtual reality glasses, the Oculus VR, with the help of a ZeniMax employee before the acquisition by Facebook.
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Mark Zuckerberg, the CEO and founder of Facebook, testified in court and said: "Oculus products are based on Oculus technology. When you announce a big deal, it's quite common for people to pop up out of nowhere and claim they deserve a share of the profits. Like most of the people in the courtroom, I had never heard of ZeniMax before. I know my legal team is looking into this, but they're not going to waste my time on something they don't think is credible.".
However, the verdict, which accepted the 'violation of confidentiality' claim, proved that the fact that Zuckerberg had not heard of this company was not particularly beneficial to him, and he will be liable, as mentioned, for a huge compensation of half a billion dollars.
Facebook announced that it will appeal the ruling.
Regardless, this week Facebook's quarterly report was published, according to which at the end of 2016 the company earned $8.81 billion.
