RadioShack To Be Reborn As Online-First Retailer

November 19, 2020 by Tom Nardi 103 Comments

The good news is that as of today RadioShack has officially been purchased by Retail Ecommerce Ventures (REV), giving the troubled company a new lease on life. The downside, at least for folks like us, is that there are no immediate plans to return the iconic electronics retailer to its brick-and-mortar roots. As the name implies, REV specializes in online retail, having previously revamped the Internet presence of other bankrupt businesses such as Pier 1 Imports and Dressbarn.

While the press release doesn’t outright preclude the possibility of new physical RadioShack locations, it’s clear that REV believes the future of retail isn’t to be found in your local strip mall. As the US mulls further lockdowns in response to the continuing COVID-19 pandemic, it’s hard to disagree. There will be millions of bored kids and adults looking for something to do during the long winter nights, and an electronic kit or two shipped to their door might be just the thing.

REV says they plan to relaunch the rather dated RadioShack website just in time for the company’s 100th anniversary in 2021. As of this writing the website currently says that sales have been temporarily halted to allow for inventory restructuring, though it’s unclear if this is directly related to the buyout or not. Getting an accurate count of how much merchandise the company still has on hand after shuttering the majority of their physical locations in 2017 certainly sounds like something the new owners would want to do.

Like most of you, we have fond memories of the Golden Age of RadioShack, back before they thought selling phones and TVs was somehow a good idea. To their credit, they did try and rekindle their relationship with hackers and makers by asking the community what they’d want to see in their stores. But we all know how that story ended. While it doesn’t look like this news will get us any closer to having a neighborhood store that stocks resistors, there’s a certain comfort in knowing that RadioShack kits and books will still be around for the next generation.

Facebook To Buy Oculus VR

March 25, 2014 by Adam Fabio 103 Comments

Facebook has agreed to purchase Oculus VR. The press values the deal at about $2 Billion USD in cash and stock. This is great news for Oculus’ investors. The rest of the world has a decidedly different opinion. [Notch], the outspoken creator of Minecraft, was quick to tweet that a possible rift port has now been canceled, as Facebook creeps him out. He followed this up with a blog post.

I did not chip in ten grand to seed a first investment round to build value for a Facebook acquisition.

Here at Hackaday, we’ve been waiting a long time for affordable virtual reality. We’ve followed Oculus since the early days, all the way up through the recent open source hardware release of their latency tester. Our early opinion on the buyout is not very positive. Facebook isn’t exactly known for contributions to open source software or hardware, nor are they held in high regard for standardization in their games API. Only time will tell what this deal really means for the Rift.

The news isn’t all dark though. While Oculus VR has been a major catalyst for virtual reality displays, there are other players. We’ve got our eggs in the castAR basket. [Jeri, Rick] and the rest of the Technical Illusions crew have been producing some great demos while preparing CastAR for manufacture. Sony is also preparing Project Morpheus. The VR ball is rolling. We just hope it keeps on rolling – right into our living rooms.