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Facebook Slashes Oculus Price For Second Time As World Refuses To Adopt Virtual Reality

In the aftermath of the collapse of the "wearables" craze, Virtual Reality was supposed to be next big thing.

Back in 2014, when Facebook paid $3 billion to acquire Oculus, CEO Mark Zuckerberg said at the time that the medium, which offers a 360-degree panoramic view through headsets, would "become a part of daily life for billions of people."

ESPN Still Bleeding Subs As 1.2mm People Ditch Service In Past 2 Months Alone

ESPN Still Bleeding Subs As 1.2mm People Ditch Service In Past 2 Months Alone

Last month we noted that ESPN lost 621,000 subscribers in the month of the October (see "ESPN Loses A Record 621,000 Subscribers In One Month").  Unfortunately, the sports media powerhouse can't seem to make the bleeding stop as evidenced by another 555,000 subscriber losses this month as reported by Nielsen.  For those keeping track, that's roughly 1.2mm in sub losses in just two months, which, at $7 of revenue per sub, represents about $100mm of lost annual revenue for ESPN's parent company, Disney.