Must-Read Money Stories for Thursday, February 2

by February 2, 2017
Facebook gets hit with a $500 million judgment in Oculus VR lawsuit. (Image via flickr user "hiren_t" CC by-NC-ND 2.0)

Facebook gets hit with a $500 million judgment in Oculus VR lawsuit. (Image via flickr user “hiren_t” CC by-NC-ND 2.0)

Facebook loses

Facebook lost in a $500 million lawsuit over the technology behind the Oculus Rift virtual reality headsets. Facebook bought Oculus VR in 2014 for $2 billion. But a Texas jury decided yesterday that Oculus used stolen technology in its original design, according to Bloomberg. Interest in virtual reality headsets is only expected to grow in the coming years. Bloomberg notes forecasters project the headsets could hit $84 billion in sales by 2020.

Deeper issues with Depp

Well, Johnny Depp is certainly having some financial issues. The New York Times reports the outrageously wealthy and famous movie star has a big-time spending problem, which has caused him to blow much of his fortune. But the Times—ever faithful to the bigger issues—says the back-and-forth lawsuits between Depp and his financial advisers actually highlight the importance of a rather wonky set of financial rules set in Washington D.C. And, because power recently changed in D.C., those rules could soon get ditched altogether.

Time served

Tired of your job? There are no hard rules about how long you should stay at one job, and given our economy over the last several years, many of us feel lucky to have work. But the BBC decided to look at how long most people stay in their jobs. Turns out, the average American sticks around in one job for about four years. The average Brit stays a little longer.

Achin’ for bacon

We are living through tumultuous times. But this next story may be too much for some people to handle: NBC News reports we are headed for a bacon shortage in 2017. Pork farmers are doing their best to keep up with demand so far, but the real problem, according to NBC News, is Americans keep finding new stuff to put bacon in. Seriously, do we really need it in ice cream?

Oculus Rift VR Headset” by flickr user “hiren_t” CC by-NC-ND 2.0.