Facebook subsidiary fined €470m for violating intellectual property rights

Facebook's virtual-reality subsidiary has been fined nearly €470m for violating intellectual property rights.

A court in the US ruled the co-founders of Oculus infringed on ZeniMax Media's trademarks as they built their virtual-reality gear and software.

Facebook CEO Mark Zuckerberg has denied the firm stole any of its technology - while Oculus says it will appeal.

Meanwhile - Facebook has revealed revenues have risen by more than half in the last year, as the number of monthly users reaches 1.86bn.

The technology giant, which also owns Instagram and WhatsApp has brought in 25.6bn in the last year.


More in this Section

Patisserie Valerie reportedly had £10m in secret overdrafts

Drug support firm Malin on fresh hunt for new CEO

Women urged to inspire in business

Avoca expansion helps to double Aramark profits


Breaking Stories

As Ariana Grande and Pete Davidson allegedly split, here’s how grief can affect your relationship

Theatre review: The Nightingale and the Rose

1 year since Alyssa Milano’s first #MeToo tweet: Have things actually changed for women?

What to wear to a job interview according to a style expert

More From The Irish Examiner