[commentary] Facebook says that its purchase of Oculus is a long bet on the future. And that wager on virtual reality is rooted in the actual reality of the social network's past and present.
By Ross Rubin
Facebook's $2 billion acquisition of OculusVRhttp://www.cnet.com/news/facebook-to-buy-oculus-for-2-billion/, developer of the Rift headset that has reset expectations of virtual reality, represents the third in a number of big-ticket pickups by the hugely popular social network, following its Instagram and WhatsApp deals. It's also Facebook's first move into hardware.
What does a business focused on social networking want with a gadget that, some would say, falls into one of the most antisocial technologies of all time? Facebook explained its purchase as a long-term bet on the future of computinghttp://www.cnet.com/news/facebook-oculus-deal-a-downpayment-on-gaming-and-everything-beyond/, saying that it believes virtual reality will be the next wave after mobile.
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Reality check on Facebook's Oculus shift
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metalqueen
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Reality check on Facebook's Oculus shift
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