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Facebook sells off Oculus Medium to Adobe

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Facebook is selling Oculus Medium — a 3D virtual reality sculpting tool for creatives — to Adobe. The team was an expensive effort for Oculus and its sale signifies a broader rethinking within Facebook in what virtual reality projects they tackle in-house.

It’s clear that Oculus pumped an awful lot of money into Medium over the years and the sale probably isn’t great for the Oculus Medium team, if only because there is now a proper price tag attached to the effort that will be looming for the fairly niche software. Terms of the deal weren’t shared so who knows what kind of deal Adobe got.

What is nice is that Facebook went to the trouble of properly spinning out Medium. When Facebook shut down Oculus Story Studio, the company quietly laid off its employees. Medium is well-liked by a small community and it makes plenty of sense at Adobe where first-party integration with other products will undoubtedly make it better software. It’s nice to see it live on.

The sale of Medium after the purchase of Beat Saber-maker Beat Games really encapsulates the VR content strategy of Oculus at the moment. Non-gaming creative tools aren’t getting new investment, cinematic VR content isn’t being prioritized, and Facebook is preparing to buy more game studios with the goal of scaling their titles. For a division that has been talking only about the distant future for years, it’s a pragmatic strategy that probably signifies broader contentment with how things are looking on the hardware front.

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Soros-Funded Fake News Operation Pushes Facebook to Reinstate Trump Ban

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Soros-Funded Fake News Operation Pushes Facebook to Reinstate Trump Ban

Courier Newsroom also has ties to progressive megadonor Laurene Powell Jobs

George Soros / Getty Images

A progressive billionaire-funded network of Democratic propaganda sites masquerading as legitimate news websites is leading the push to keep former president Donald Trump off Facebook and Twitter.

Courier Newsroom, which bills itself as the “largest left-leaning news network in the country,” organized a petition this week to pressure Facebook’s Mark Zuckerberg and Twitter’s Elon Musk to keep Trump off their platforms. Facebook said Thursday it would reinstate Trump “in the coming weeks.” Twitter reinstated Trump in November, but the former president has not posted on the site. Both sites banned him in January 2021, under pressure from Democratic lawmakers and liberal advocacy groups.

“We cannot allow him to rejoin these platforms and spread more hateful, inaccurate information. Sign the petition now to keep Trump off of Facebook and Twitter,” Courier’s petition says. Blue Amp Action, a Democratic consulting firm, circulated the petition in an email to Courier supporters. The consulting firm has worked for a number of Democratic campaigns. President Joe Biden’s presidential campaign paid Blue Amp Action around $230,000 for media production services in 2020.

Maintaining a ban on Trump could help Democrats in 2024 by depriving the early GOP favorite of access to two of the country’s biggest media platforms. And that aligns with the political goals of Courier Newsroom’s biggest backers.

Laurene Powell Jobs, who inherited $20 billion from her late husband, Apple founder Steve Jobs, was a major funder of ACRONYM, the digital media company behind Courier Newsroom, the Washington Free Beacon reported. While the exact nature of Powell Jobs’s ties to ACRONYM and Courier Newsroom are unclear, she is not the only progressive megadonor propping up the group.

In October 2021, the progressive billionaire George Soros and LinkedIn cofounder Reid Hoffman formed an organization called Good Information, Inc. The group acquired Courier Newsroom, which operates websites designed to look like legitimate local news publications. Soros, the Democratic party’s biggest donor, gave $1.2 million to Courier Newsroom through his Open Society Foundations in 2021 to support the group’s “non-partisan journalism.”

While Courier Newsroom aims to root out political disinformation online, Hoffman has funded multiple projects that used disinformation to help elect Democrats. In 2017, he funded a project in which tech firms created fake social media personas in order to suppress Republican voter turnout in Alabama’s 2017 special Senate election.

Other Soros-funded advocacy groups have pressured Facebook to maintain its ban on Trump.

Media Matters for America, which received $500,000 in Soros cash in 2021, partnered with Accountable Tech to form the “Keep Trump Off Facebook” campaign. MoveOn.org, one of the largest progressive groups in the country, has purchased ads on Facebook to circulate a petition to keep Trump off the platform. Soros donated $450,000 to MoveOn in 2021.

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Wanda Sykes On Why Meta Reinstated Trump

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Wanda Sykes On Why Meta Reinstated Trump

Facebook and Instagram’s parent company Meta announced this week that twice-impeached former president Donald Trump will be reinstated on both platforms, after a two-year suspension.

“The Daily Show” guest host Wanda Sykes was not at all surprised, saying that it’s just a money-grabbing stunt.

In their announcement on Wednesday, Meta stated that “the public should be able to hear what their politicians are saying — the good, the bad and the ugly — so that they can make informed choices at the ballot box.” And to that, Wanda Sykes said “Phooey!”

“Look, we all know Facebook is losing a ton of money and they want that Trump attention back,” Sykes mocked. “They need a hit! Trump is their ‘White Lotus.’”

She added that Trump is “the Jennifer Coolidge of the internet,” breaking out her own impression of the award-winning actress. That said, Sykes does think there needs to be some intense moderation of Trump’s accounts. But she had an idea for that, too.

“I think maybe for the first week, they should just allow him to only post cat photos. You know, let’s see how it goes,” Sykes joked. “If you see a bunch of cats storming the Capitol? Although adorable, shut it down.”

You can watch the full segment from “The Daily Show” in the video above.

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Is This the Real Reason Google, Amazon, Facebook and Microsoft Are Having Layoffs?

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Is This the Real Reason Google, Amazon, Facebook and Microsoft Are Having Layoffs?

Are 51,000 people losing their jobs because their employers want to shift the balance of power? Is the current wave of big-tech layoffs really intended as a way of weakening tech employees’ confidence and gaining a stronger negotiating position for their employers? That’s what several tech industry …

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