Zuck on buying Unity

Zuckerberg described the potential acquisition of Unity as both a way to ensure Facebook’s supremacy in a future of VR and AR, as well as a way to make sure no other technology company stands in their way.

“Over the next few years, we’re going to need to make major new investments in apps, platform services, development/graphics, and AR,” Zuckerberg writes. “Some of these will be acquisitions and some can be built in-house. If we try to build them all in-house from scratch, then we risk that several will take too long or fail and put our overall stra... See more

In the end, they were not able to buy Unity, but as we know, Facebook has purchased several other companies in the AR/VR industry and continues to move deeper into the META verse.

This is a very deep memo about VR and AR that was sent by Zuckerberg in 2015.In this memo, he shared that VR / AR was going to be the biggest technology ten years from then (by 2025). Mark mentions their urgency about developing a brand, financial, and strategic goal in order to not be left behind by Google and Apple which have an advantage because... See more

Facebook recognized that it needed to work on innovation and hire top Engineers to secure a strong future. Building tangible new products was the key.

"Once you have a good VR / AR system you no longer need phones or TVs or any other major physical objects - They can just become apps in a digital store."

Given the overall opportunity to strengthen their position in the next wave of computers, Zuckerberg explained their need to acquire some companies that will help them advance in the space.