A decision by the S.C. Court of Appeals on Wednesday ruled that the district court was hasty in dismissing a suit against ...

The lawsuit was first filed in May 2014, just months after Facebook acquired Oculus in a deal that at the time was reported to be worth $2 billion and signified the social network's entry into VR.

Facebook shares closed just north of $185 at the end of the day on Friday. On Tuesday, the stock closed at $168.15 and continued downward to about $166 in Wednesday morning’s pre-market session.

The lawsuit comes in the wake of a finding from the Barren River Area Development District Regional Ethics Board that Barnes committed an ethics violation when he voted to approve a rezoning ...