Holy crap Facebook is paying $2 billion for Oculus Rift

Recalling the stories from the developers working at Flickr, when Yahoo took over it prevented them from working on what they could see coming (mobile apps, playing nice with Twitter, and so on) and instead working on trying (and failing) to make Flickr a Yahoo product. Many good people left Flickr out of frustration with the Yahoo corporate team.

That is what I suspect will eventually happen to OR: the Facebook owners will be forcing them to retool their product with Facebook first and foremost, whether it is a good fit or not. It’s just a very strange buy (especially compared to the defensive purchases of Instagram and WhatsApp), and I don’t think it’s going to end well. My guess is a lot of the developers are going to leave despite retainment bonuses.