Happy Friday! Whether you're going to Weekend 2 of ACL Fest or not, you'll want to know what's up in the tech world before you hit the weekend hard. Here's what's news:
It was a busy day at Facebook-owned Oculus VR, which on Thursday showed off what it's been working on and what its parent company has been pouring money into in terms of development ($250 million just in software funding spent, $250 million more to come). First, the much-anticipated motion-sensitive Touch controllers will be out Dec. 6 at a price of $199, which doesn't include an additional sensor that costs $79 to bring a whole-room VR experience to users similar to the HTC Vive. Oculus also showed off how it will integrate with social media and chat software such as Facebook Messenger, as when Mark Zuckerberg demonstrated taking a selfie and sending it to his wife in VR. The team also showed off avatars, lots of new software and a prototype of a non-tethered Oculus headset.
Snap said to go public next year
The company that owns Snapchat, Snap Inc., is reportedly planning an IPO next year at a valuation of about $25 billion. The popular chat and social media picture/video software has about 58 million users and if it goes public in that price range, it would be the largest IPO since 2014's debut of Alibaba, reports The Guardian.
Trouble at BitTorrent
Variety reports that BitTorrent is in turmoil. The company has fired its co-CEOs Robert Delamar and Jeremy Johnson, has shuttered its Los Angeles content studio and is also shutting down its BitTorrent Now video-streaming service. The peer-to-peer file-sharing company has also laid off an unknown number of staffers.
Yahoo sale terms could change
Verizon is said to be seeking a $1 billion discount on its purchase of Yahoo in light of news that the company may not have been completely forthcoming about its 2014 hacking, which affected 500 million accounts. There's also news that Yahoo apparently complied with a U.S. intelligence request to scan customer emails. That would bring down the price of the sale from $4.8 billion.
And The Verge has your first look at Google's new pricey Pixel phone. Is this something you'd buy for $869?:
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