Facebook’s $2 billion acquisition of Oculus VR signals where the social network is going next

Oculus Rift

We usually see Facebook acquiring apps and services but this time we have something different. Something that could hint us where social network is going next.

Facebook’s latest acquisition is Oculus VR, makers of the Oculus Rift virtual reality headset. The deal was valued at $2 billion, $400 million of which will come in cash and the rest in stock. For those who track these things, that’s like two Instagrams.

According to Facebook, Oculus will continue to operate independently at its current offices but we’re sure it will move beyond gaming. While Facebook is offering games on its platform, they are in a different business. That said, we are sure that the Oculus team will try to make our e-social experiences more immersive, allowing us to better feel online gatherings, concerts, classes and/or check out different sights in cities all around the world.

Chances are we’ll have to wait a little longer to see the first results of this acquisition; in the meantime, we’re hoping that Facebook and Oculus engineers will find way to make more people excited about virtual reality…

  • http://freshinfos.com/ Roshan Perera

    In case you were wondering, here’s what Facebook plans to do with Oculus.. lol

Back to top ▴