Zuckerberg takes the stand in $2B VR lawsuit; Theranos shut down its last blood-testing lab, and more news.
Zuck takes the stand: Facebook CEO Mark Zuckerberg ditched his signature t-shirt to testify in a $2 billion lawsuit alleging that Facebook and its subsidiary Oculus stole virtual reality technology from ZeniMax, the former employer of Oculus’ chief technical officer. Next on the stand: Oculus VR founder Palmer Luckey and former Oculus CEO Brendan Iribe.
Carmakers aren’t the only companies upping investments in the U.S.: German conglomerate Bayer will invest $8 billion in R&D in the U.S. over the next six years as part of its acquisition of agriculture giant Monsanto. The investment — which “could bolster Bayer’s chances of winning approval from U.S. antitrust regulators” — follows a meeting between Bayer and PEOTUS Donald Trump. The $57 billion acquisition, if it goes through, will create the world’s largest supplier of seeds and chemicals.
Theranos shut down its last remaining blood-testing lab after failing to pass a regulatory inspection in September. (The failure may also lead to further sanctions, according to sources.) The company recently shifted gears to focus on a Zika-detection system, whose launch “underwhelmed.”
Food stamps can be used with online grocers in a two-year pilot program beginning mid-2017. The U.S. government has teamed up with online grocery delivery services like Amazon Fresh to make accessible services in seven states that would normally be “unaffordable for most of the one in seven Americans that use food stamps,” Quartz writes.
Vine Camera — “basically just the camera screen of the old app with no social network attached” — has made its debut. Vine users can now only view or download their old videos on the app, and will need to upgrade to Vine Camera if they want Vine to continue functioning as an archive.
Cover Photo: Mark Zuckerberg, chief executive officer and founder of Facebook Inc., demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers as the gives a demonstration during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. (Photo by David Paul Morris/Bloomberg/Getty)