John Carmack Shares More on Oculus Acquisition

John Carmack

John Carmack, CTO at Oculus VR, shared more of his thoughts on Facebook’s acquisition today, reminding the community why he believes Oculus will still be largely successful. Carmack commented on a blog post, titled “Wrong and Right Reasons To Be Upset About Oculus”, with his personal outlook on the matter.

“Honestly, I wasn’t expecting Facebook (or this soon),” Carmack shares. “I have zero personal background with them, and I could think of other companies that would have more obvious synergies. However, I do have reasons to believe that they get the Big Picture as I see it, and will be a powerful force towards making it happen.”

Carmack commends Valve’s vision and perseverance in creating a VR system from the ground up, but states that “VR won’t be like that”. He believes the VR market is game changing, and that it was a matter of time before big companies got their foot in the door.

It seems the CTO of Oculus doesn’t share much of the public’s fear towards the Facebook buyout. Carmack sees VR succeeding under Facebook’s wing, rather than failing under new ownership. He does, however, note that he shares “some of your misgivings about companies ‘existing and operating only to be acquired’. I am a true believer in market economies, and the magic of trade being a positive sum game is most obvious with repeated transactions at a consumer level.” Carmack goes on to agree that large company acquisitions feel like like speculative, rather than objective, assessments of value, despite being beneficial to both participating parties. Aside from some economic misgivings, though, Carmack’s words expressed confidence in a Facebook backed Oculus, and showed he sees little reason to worry for Oculus’ prospects.

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